Org.nr 971 219 270 2018 → 2019 Year-over-year analysis

AIRBROKER AS: årsregnskap 2019 vs 2018

Shrank 15% on revenue

approved 2020-04-28; registry 2020-07-27; journal 2020 607477

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AIRBROKER AS. Revenue 28.25m NOK → 23.88m NOK (-15.5%). Equity 348.3k NOK → 622.7k NOK.

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

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRBROKER AS.

At a glance

Revenue

28.25m NOK 23.88m NOK

-15.5%

Operating result

n/m +1.38m NOK

—

Net result

n/m +1.27m NOK

—

Equity

348.3k NOK 622.7k NOK

+78.8%

Cash

150.9k NOK 699.5k NOK

+363.4%

Total assets

2.00m NOK 1.81m NOK

-9.5%

↑
Equity strengthened

Book equity 348.3k NOK → 622.7k NOK (equity ratio 17.4% → 34.4%). Calculated
↑
Cash rose

Bank deposits 150.9k NOK → 699.5k NOK (+363.4% YoY). Calculated
↑
Payroll decreased

Salary cost 2.80m NOK → 2 NOK (10% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 28.25m NOK to 23.88m NOK (-15.5% YoY). Calculated

·
COGS fell

COGS / varekostnad 26.80m NOK → 21.46m NOK (-19.9% YoY). Calculated
·
Book investments changed

Investment / intangible book value 3 681 NOK → 1.11m NOK. Reported fact