FirmaIQ
Org.nr 914 424 046 2019 → 2020 Year-over-year analysis

AIRADVANTAGE AS: årsregnskap 2020 vs 2019

Grew 47% on revenue, stronger earnings

approved 2021-06-04; registry 2021-10-04; journal 2021 856636

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIRADVANTAGE AS. Revenue 127.8k NOK → 187.6k NOK (+46.8%). Net result -119.2k NOK → -25.7k NOK. Equity 92.2k NOK → 66.4k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRADVANTAGE AS.

At a glance

Scorecard

Revenue
127.8k NOK 187.6k NOK
+46.8%
Operating result
-119.6k NOK -25.8k NOK
+78.4%
Net result
-119.2k NOK -25.7k NOK
+78.4%
Equity
92.2k NOK 66.4k NOK
-27.9%
Cash
2 391 NOK 3 133 NOK
+31.0%
Total assets
220.5k NOK 136.1k NOK
-38.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 127.8k NOK to 187.6k NOK (+46.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -119.6k NOK → -25.8k NOK (op. margin -93.5% → -13.8%). Calculated

  • ↑

    Net result improved

    Net result -119.2k NOK → -25.7k NOK (net margin -93.3% → -13.7%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 92.2k NOK → 66.4k NOK (equity ratio 41.8% → 48.8%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 55.6k NOK → 44.3k NOK (-20.3% YoY). Calculated