AIR TRADE SUPPORT AS: årsregnskap 2017 vs 2016
Grew 7% on revenue
approved 2018-04-25; registry 2018-05-15; journal 2018 320421
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIR TRADE SUPPORT AS. Revenue 62.30m NOK → 66.94m NOK (+7.4%). Equity 449.4k NOK → 34.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR TRADE SUPPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 62.30m NOK to 66.94m NOK (+7.4% YoY). Calculated
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↑
Cash rose
Bank deposits 4.61m NOK → 9.61m NOK (+108.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 449.4k NOK → 34.3k NOK (equity ratio 3.9% → 0.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.56m NOK → 3.89m NOK (6% → 6% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 51.31m NOK → 54.49m NOK (+6.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 233.7k NOK → 204.1k NOK. Reported fact