AIR TRAFFIC AS: årsregnskap 2019 vs 2018
Grew 40886492% on revenue, slipped into loss
approved 2020-10-02; registry 2020-10-22; journal 2020 960638
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIR TRAFFIC AS. Revenue 12 NOK → 4.91m NOK (+40886491.7%). Net result +5 505 NOK → -32.5k NOK. Equity 26.8k NOK → -5 723 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. 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 12 NOK to 4.91m NOK (+40886491.7% YoY). Calculated
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↑
Cash rose
Bank deposits 157.2k NOK → 175.5k NOK (+11.7% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 5 505 NOK profit to a loss of 32.5k NOK. Calculated
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↓
Equity eroded
Book equity 26.8k NOK → -5 723 NOK (equity ratio 17.0% → -3.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.21× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 8 349 NOK → 9.20m NOK (69575% → 188% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 205.4k NOK → 4.65m NOK (+2163.5% YoY). Calculated