AIR TRADE SUPPORT AS: årsregnskap 2021 vs 2020
Grew 72% on revenue, stronger earnings
approved 2022-03-07; registry 2022-03-21; journal 2022 153097
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIR TRADE SUPPORT AS. Revenue 394.00m NOK → 677.35m NOK (+71.9%). Net result +15.35m NOK → +21.08m NOK. Equity 7.71m NOK → 13.75m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
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
What improved
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Revenue rose
Operating income / revenue moved from 394.00m NOK to 677.35m NOK (+71.9% YoY). Calculated
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Operating result improved
Operating result +19.68m NOK → +27.94m NOK (op. margin 5.0% → 4.1%). Calculated
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Net result improved
Net result +15.35m NOK → +21.08m NOK (net margin 3.9% → 3.1%). Calculated
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Equity strengthened
Book equity 7.71m NOK → 13.75m NOK (equity ratio 15.6% → 10.1%). Calculated
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Cash rose
Bank deposits 15.05m NOK → 31.73m NOK (+110.8% YoY). Calculated
What deteriorated
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Current ratio dropped below 1×
Current ratio 1.07× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 11.93m NOK → 13.53m NOK (3% → 2% of revenue). Calculated
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Book investments changed
Investment / intangible book value 626.5k NOK → 4.51m NOK. Reported fact