AIR2WORK AS: årsregnskap 2017 vs 2016
Weaker earnings, cash halved-plus, fresh owner capital
approved 2018-06-25; registry 2018-07-09; journal 2018 647164
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIR2WORK AS. Net result -9 297 NOK → -39.9k NOK. Equity 5 703 NOK → 5 703 NOK.
On the constructive side: owners injected capital. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIR2WORK AS.
At a glance
Scorecard
Operating result
n/m
-52.5k NOK
—
Net result
-9 297 NOK
-39.9k NOK
-329.6%
Equity
5 703 NOK
5 703 NOK
0.0%
Cash
64.2k NOK
28.1k NOK
-56.2%
Total assets
424.2k NOK
440.7k NOK
+3.9%
What improved
-
↑
Owners injected capital
Paid-in equity rose 15.0k NOK → 30.0k NOK (+15.0k NOK). Reported fact
What deteriorated
-
↓
Net result weakened
Net result -9 297 NOK → -39.9k NOK. Calculated
-
↓
Cash fell
Bank deposits 64.2k NOK → 28.1k NOK (-56.2% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation