AIRADVANTAGE AS: årsregnskap 2016 vs 2015
Grew 154% on revenue, cash halved-plus, fresh owner capital
approved 2017-05-27; registry 2017-08-08; journal 2017 851242
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AIRADVANTAGE AS. Revenue 50.0k NOK → 127.0k NOK (+154.1%). Equity -149.5k NOK → -160.8k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AIRADVANTAGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 50.0k NOK to 127.0k NOK (+154.1% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 80.0k NOK → 180.0k NOK (+100.0k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity -149.5k NOK → -160.8k NOK (equity ratio -27.8% → -32.8%). Calculated
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↓
Cash fell
Bank deposits 51.0k NOK → 8 001 NOK (-84.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.78× → 0.68× — 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 -32.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 4 019 NOK → 20.9k NOK (+419.4% YoY). Calculated