AIRADVANTAGE AS: årsregnskap 2018 vs 2017
Shrank 59% on revenue, weaker earnings, cash halved-plus
approved 2019-05-26; registry 2019-08-06; journal 2019 874040
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIRADVANTAGE AS. Revenue 177.6k NOK → 72.2k NOK (-59.3%). Net result -104.5k NOK → -152.4k NOK. Equity -203.0k NOK → 211.4k NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRADVANTAGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -203.0k NOK → 211.4k NOK (equity ratio -52.4% → 68.1%). Calculated
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↑
Owners injected capital
Paid-in equity rose 242.4k NOK → 809.1k NOK (+566.8k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 177.6k NOK to 72.2k NOK (-59.3% YoY). Calculated
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↓
Operating result weakened
Operating result -77.2k NOK → -125.3k NOK (op. margin -43.5% → -173.4%). Calculated
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↓
Net result weakened
Net result -104.5k NOK → -152.4k NOK (net margin -58.8% → -211.1%). Calculated
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↓
Cash fell
Bank deposits 15.0k NOK → -82 NOK (-100.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 42.6k NOK → 21.4k NOK (-49.9% YoY). Calculated