AIR TRAFFIC AS: årsregnskap 2020 vs 2019
Shrank 46% on revenue, returned to profit, cash halved-plus
approved 2021-07-03; registry 2021-09-02; journal 2021 716768
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIR TRAFFIC AS. Revenue 4.91m NOK → 2.65m NOK (-46.0%). Net result -32.5k NOK → +19.7k NOK. Equity -5 723 NOK → 14.0k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR TRAFFIC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -30.8k NOK → +20.9k NOK (op. margin -0.6% → 0.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 32.5k NOK to a profit of 19.7k NOK. Calculated
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↑
Equity strengthened
Book equity -5 723 NOK → 14.0k NOK (equity ratio -3.3% → 26.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.97× → 1.35×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.91m NOK to 2.65m NOK (-46.0% YoY). Calculated
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↓
Cash fell
Bank deposits 175.5k NOK → 53.7k NOK (-69.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.65m NOK → 2.50m NOK (-46.3% YoY). Calculated