Org.nr 971 219 270 2019 → 2020 Year-over-year analysis

AIRBROKER AS: årsregnskap 2020 vs 2019

Shrank 100% on revenue, slipped into loss, fresh owner capital

approved 2021-06-02; registry 2021-07-10; journal 2021 466891

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2020 with 2019 for AIRBROKER AS. Revenue 23.88m NOK → 23.9k NOK (-99.9%). Net result +1.27m NOK → -36.2k NOK. Equity 622.7k NOK → 9.43m NOK.

On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.

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

Scorecard

Revenue
23.88m NOK 23.9k NOK
-99.9%
Operating result
+1.38m NOK -49.1k NOK
-103.6%
Net result
+1.27m NOK -36.2k NOK
-102.8%
Equity
622.7k NOK 9.43m NOK
+1414.4%
Cash
699.5k NOK 585.6k NOK
-16.3%
Total assets
1.81m NOK 1.91m NOK
+5.6%

What improved

  • ↑

    Equity strengthened

    Book equity 622.7k NOK → 9.43m NOK (equity ratio 34.4% → 493.7%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 149.3k NOK → 316.5k NOK (+167.3k NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 23.88m NOK to 23.9k NOK (-99.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.38m NOK → -49.1k NOK (op. margin 5.8% → -205.8%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 1.27m NOK profit to a loss of 36.2k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 699.5k NOK → 585.6k NOK (-16.3% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 10.37× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 21.46m NOK → 21.5k NOK (-99.9% YoY). Calculated