Org.nr 914 348 889 2015 → 2016 Year-over-year analysis

AIRCONTACT AVIATION MANAGEMENT AS: årsregnskap 2016 vs 2015

Shrank 100% on revenue

approved 2017-05-26; registry 2017-07-03; journal 2017 582383

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2016 with 2015 for AIRCONTACT AVIATION MANAGEMENT AS. Revenue 307.5k NOK → 307 NOK (-99.9%). Equity 34.8k NOK → 21.5k NOK.

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

Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for AIRCONTACT AVIATION MANAGEMENT AS.

Scorecard

Revenue
307.5k NOK 307 NOK
-99.9%
Net result
n/m -172.3k NOK
—
Equity
34.8k NOK 21.5k NOK
-38.4%
Cash
349.1k NOK 941.1k NOK
+169.6%
Total assets
2.30m NOK 2.20m NOK
-4.3%

What improved

  • ↑

    Cash rose

    Bank deposits 349.1k NOK → 941.1k NOK (+169.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 307.5k NOK to 307 NOK (-99.9% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 34.8k NOK → 21.5k NOK (equity ratio 1.5% → 1.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 34.8k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation