AIRADVANTAGE AS: årsregnskap 2017 vs 2016
Grew 40% on revenue, fresh owner capital
approved 2018-05-30; registry 2018-08-06; journal 2018 883130
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRADVANTAGE AS. Revenue 127.0k NOK → 177.6k NOK (+39.8%). Equity -160.8k NOK → -203.0k NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: equity eroded.
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 127.0k NOK to 177.6k NOK (+39.8% YoY). Calculated
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↑
Cash rose
Bank deposits 8 001 NOK → 15.0k NOK (+87.6% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 180.0k NOK → 242.4k NOK (+62.4k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity -160.8k NOK → -203.0k NOK (equity ratio -32.8% → -52.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -52.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 20.9k NOK → 42.6k NOK (+104.2% YoY). Calculated