AIRCONTACT GROUP AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, stronger earnings
approved 2020-05-26; registry 2020-07-25; journal 2020 606231
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRCONTACT GROUP AS. Revenue 18.44bn NOK → 15.27m NOK (-99.9%). Net result +31.95m NOK → +41.13m NOK. Equity 290.48m NOK → 10.29bn NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRCONTACT GROUP AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +31.95m NOK → +41.13m NOK (net margin 0.2% → 269.4%). Calculated
-
↑
Equity strengthened
Book equity 290.48m NOK → 10.29bn NOK (equity ratio 85.0% → 2791.7%). Calculated
-
↑
Cash rose
Bank deposits 156.64m NOK → 171.08m NOK (+9.2% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 18.44bn NOK to 15.27m NOK (-99.9% YoY). Calculated
-
↓
Operating result weakened
Operating result -8.01m NOK → -17.66m NOK (op. margin -0.0% → -115.7%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 234.71m NOK → 4.25bn NOK (1% → 27842% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 34.40m NOK → 32.46m NOK (-5.6% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 8.48m NOK → 8.46m NOK. Reported fact