AIRCONTACT AVIATION MANAGEMENT AS: årsregnskap 2018 vs 2017
Grew 37334% on revenue, slipped into loss, cash halved-plus
approved 2019-05-16; registry 2019-07-29; journal 2019 810982
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIRCONTACT AVIATION MANAGEMENT AS. Revenue 1 292 NOK → 483.6k NOK (+37334.1%). Net result +306.7k NOK → -43.0k NOK. Equity 7.33m NOK → 329.8k NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AIRCONTACT AVIATION MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 292 NOK to 483.6k NOK (+37334.1% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 306.7k NOK profit to a loss of 43.0k NOK. Calculated
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↓
Equity eroded
Book equity 7.33m NOK → 329.8k NOK (equity ratio 627.6% → 71.1%). Calculated
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↓
Cash fell
Bank deposits 1.15m NOK → 267.6k NOK (-76.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.15m NOK → 267.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 781.8k NOK → 469.6k NOK (-39.9% YoY). Calculated