AIRADVANTAGE AS: årsregnskap 2019 vs 2018
Grew 77% on revenue, stronger earnings
approved 2020-05-29; registry 2020-10-07; journal 2020 929534
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRADVANTAGE AS. Revenue 72.2k NOK → 127.8k NOK (+77.0%). Net result -152.4k NOK → -119.2k NOK. Equity 211.4k NOK → 92.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: 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 72.2k NOK to 127.8k NOK (+77.0% YoY). Calculated
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↑
Operating result improved
Operating result -125.3k NOK → -119.6k NOK (op. margin -173.4% → -93.5%). Calculated
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↑
Net result improved
Net result -152.4k NOK → -119.2k NOK (net margin -211.1% → -93.3%). Calculated
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↑
Cash rose
Bank deposits -82 NOK → 2 391 NOK (+3015.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 211.4k NOK → 92.2k NOK (equity ratio 68.1% → 41.8%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 21.4k NOK → 55.6k NOK (+160.1% YoY). Calculated