AIR TRAFFIC AS: årsregnskap 2017 vs 2016
Grew 23054% on revenue, slipped into loss, cash halved-plus
approved 2018-05-23; registry 2018-06-02; journal 2018 383946
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIR TRAFFIC AS. Revenue 1 002 NOK → 232.0k NOK (+23053.6%). Net result +132.2k NOK → -59.3k NOK. Equity 64.3k NOK → 5 019 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIR TRAFFIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 002 NOK to 232.0k NOK (+23053.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +51.0k NOK → -20.0k NOK (op. margin 5091.5% → -8.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 132.2k NOK profit to a loss of 59.3k NOK. Calculated
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↓
Equity eroded
Book equity 64.3k NOK → 5 019 NOK (equity ratio 50.8% → 11.2%). Calculated
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↓
Cash fell
Bank deposits 68.5k NOK → 28.9k NOK (-57.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.10× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 938.6k NOK → 239.6k NOK (-74.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value -22.5k NOK → 16.1k NOK. Reported fact