AIRBUS DEFENCE AND SPACE AS: årsregnskap 2019 vs 2018
Grew 79303% on revenue, cash halved-plus
approved 2020-12-23; registry 2021-01-06; journal 2021 105294
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRBUS DEFENCE AND SPACE AS. Revenue 656.1k NOK → 521.00m NOK (+79303.4%). Equity 164.2k NOK → 138.57m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for AIRBUS DEFENCE AND SPACE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 656.1k NOK to 521.00m NOK (+79303.4% YoY). Calculated
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↑
Equity strengthened
Book equity 164.2k NOK → 138.57m NOK (equity ratio 0.1% → 51230.3%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 90.19m NOK → 108.0k NOK (-99.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.88× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (90.19m NOK → 108.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 88.78m NOK → 1.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 451.9k NOK → 375.33m NOK (+82952.9% YoY). Calculated