AIR TRAFFIC AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, returned to profit
approved 2019-06-28; registry 2019-07-24; journal 2019 774835
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIR TRAFFIC AS. Revenue 232.0k NOK → 12 NOK (-100.0%). Net result -59.3k NOK → +5 505 NOK. Equity 5 019 NOK → 26.8k NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell.
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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↑
Turned profitable
Net result flipped from a loss of 59.3k NOK to a profit of 5 505 NOK. Calculated
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↑
Equity strengthened
Book equity 5 019 NOK → 26.8k NOK (equity ratio 11.2% → 17.0%). Calculated
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↑
Cash rose
Bank deposits 28.9k NOK → 157.2k NOK (+444.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.72× → 1.21×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 232.0k NOK to 12 NOK (-100.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 239.6k NOK → 205.4k NOK (-14.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 16.1k NOK → 0 NOK. Reported fact