AIRBROKER AS: årsregnskap 2017 vs 2016
Shrank 50% on revenue, returned to profit
approved 2018-05-09; registry 2018-05-26; journal 2018 354462
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRBROKER AS. Revenue 40.03m NOK → 20.17m NOK (-49.6%). Net result -842.1k NOK → +311.8k NOK. Equity 389.7k NOK → 77.9k NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRBROKER AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 842.1k NOK to a profit of 311.8k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 40.03m NOK to 20.17m NOK (-49.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +535.5k NOK → +430.7k NOK (op. margin 1.3% → 2.1%). Calculated
-
↓
Equity eroded
Book equity 389.7k NOK → 77.9k NOK (equity ratio 11.2% → 3.8%). Calculated
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↓
Cash fell
Bank deposits 1.88m NOK → 1.14m NOK (-39.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 37.76m NOK → 18.87m NOK (-50.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 19.0k NOK → 3 681 NOK. Reported fact