Org.nr 971 219 270 2017 → 2018 Year-over-year analysis

AIRBROKER AS: årsregnskap 2018 vs 2017

Grew 40% on revenue, cash halved-plus

approved 2019-03-30; registry 2019-06-01; journal 2019 368321

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AIRBROKER AS. Revenue 20.17m NOK → 28.25m NOK (+40.1%). Equity 77.9k NOK → 348.3k NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell.

Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRBROKER AS.

At a glance

Revenue

20.17m NOK 28.25m NOK

+40.1%

Operating result

+430.7k NOK n/m

—

Net result

+311.8k NOK n/m

—

Equity

77.9k NOK 348.3k NOK

+347.2%

Cash

1.14m NOK 150.9k NOK

-86.7%

Total assets

2.03m NOK 2.00m NOK

-1.4%

↑
Revenue rose

Operating income / revenue moved from 20.17m NOK to 28.25m NOK (+40.1% YoY). Calculated
↑
Equity strengthened

Book equity 77.9k NOK → 348.3k NOK (equity ratio 3.8% → 17.4%). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (1.14m NOK → 150.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Payroll increased

Salary cost 1.04m NOK → 2.80m NOK (5% → 10% of revenue). Calculated
·
COGS moved

COGS / varekostnad 18.87m NOK → 26.80m NOK (+42.0% YoY). Calculated