AIR2WORK AS: årsregnskap 2018 vs 2017
Stronger earnings
approved 2019-03-31; registry 2019-06-17; journal 2019 446676
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIR2WORK AS. Net result -39.9k NOK → -25.0k NOK. Equity 5 703 NOK → -19.3k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AIR2WORK AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -52.5k NOK → -25.0k NOK. Calculated
-
↑
Net result improved
Net result -39.9k NOK → -25.0k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 5 703 NOK → -19.3k NOK (equity ratio 1.3% → -5.1%). Calculated
-
↓
Cash fell
Bank deposits 28.1k NOK → 15.6k NOK (-44.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 360.0k NOK → 3 NOK. Reported fact