FirmaIQ
Org.nr 977 298 865 2019 → 2020 Year-over-year analysis

AIR TRADE SUPPORT AS: årsregnskap 2020 vs 2019

Grew 110% on revenue

approved 2021-04-10; registry 2021-04-29; journal 2021 211410

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIR TRADE SUPPORT AS. Revenue 187.76m NOK → 394.00m NOK (+109.8%). Net result +13.86m NOK → +15.35m NOK. Equity 9.98m NOK → 7.71m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for AIR TRADE SUPPORT AS.

At a glance

Scorecard

Revenue
187.76m NOK 394.00m NOK
+109.8%
Operating result
+17.94m NOK +19.68m NOK
+9.7%
Net result
+13.86m NOK +15.35m NOK
+10.7%
Equity
9.98m NOK 7.71m NOK
-22.8%
Cash
10.44m NOK 15.05m NOK
+44.1%
Total assets
40.95m NOK 49.36m NOK
+20.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 187.76m NOK to 394.00m NOK (+109.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +17.94m NOK → +19.68m NOK (op. margin 9.6% → 5.0%). Calculated

  • ↑

    Net result improved

    Net result +13.86m NOK → +15.35m NOK (net margin 7.4% → 3.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 10.44m NOK → 15.05m NOK (+44.1% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 9.98m NOK → 7.71m NOK (equity ratio 24.4% → 15.6%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 7.95m NOK → 11.93m NOK (4% → 3% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 872.9k NOK → 626.5k NOK. Reported fact