AIRADVANTAGE AS: årsregnskap 2021 vs 2020
Shrank 37% on revenue, weaker earnings
approved 2022-06-30; registry 2022-07-02; journal 2022 589672
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIRADVANTAGE AS. Revenue 187.6k NOK → 118.8k NOK (-36.7%). Net result -25.7k NOK → -109.1k NOK. Equity 66.4k NOK → -42.6k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRADVANTAGE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 187.6k NOK to 118.8k NOK (-36.7% YoY). Calculated
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Operating result weakened
Operating result -25.8k NOK → -109.0k NOK (op. margin -13.8% → -91.8%). Calculated
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Net result weakened
Net result -25.7k NOK → -109.1k NOK (net margin -13.7% → -91.8%). Calculated
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Equity eroded
Book equity 66.4k NOK → -42.6k NOK (equity ratio 48.8% → -42.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -42.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation