AIRCRAFT ENGINEERING AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, slipped into loss
approved 2018-03-01; registry 2018-03-08; journal 2018 224070
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRCRAFT ENGINEERING AS. Revenue 1.74m NOK → 189 NOK (-100.0%). Net result +18.8k NOK → -4 264 NOK. Equity 636.5k NOK → 482.2k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRCRAFT ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 210.9k NOK → 279.5k NOK (+32.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 10.3k NOK → 1 NOK (1% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.74m NOK to 189 NOK (-100.0% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 18.8k NOK profit to a loss of 4 264 NOK. Calculated
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↓
Equity eroded
Book equity 636.5k NOK → 482.2k NOK (equity ratio 91.6% → 75.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.48m NOK → 88.8k NOK (-94.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 24.2k NOK → 30.2k NOK. Reported fact