AIRCRAFT ENGINEERING AS: årsregnskap 2018 vs 2017
Grew 68133862% on revenue, returned to profit
approved 2019-02-14; registry 2019-02-23; journal 2019 212777
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIRCRAFT ENGINEERING AS. Revenue 189 NOK → 128.77m NOK (+68133862.4%). Net result -4 264 NOK → +8 499 NOK. Equity 482.2k NOK → 490.7k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
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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↑
Revenue rose
Operating income / revenue moved from 189 NOK to 128.77m NOK (+68133862.4% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 4 264 NOK to a profit of 8 499 NOK. Calculated
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↑
Equity strengthened
Book equity 482.2k NOK → 490.7k NOK (equity ratio 75.2% → 100.3%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 279.5k NOK → 154.4k NOK (-44.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.77× → -311.51× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 88.8k NOK → 5 742 NOK (-93.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 30.2k NOK → 41.5k NOK. Reported fact