AIRCRAFT ENGINEERING AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, cash halved-plus
approved 2020-02-19; registry 2020-02-26; journal 2020 217954
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRCRAFT ENGINEERING AS. Revenue 128.77m NOK → 57.3k NOK (-100.0%). Net result +8 499 NOK → +2 699 NOK. Equity 490.7k NOK → 493.4k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRCRAFT ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 490.7k NOK → 493.4k NOK (equity ratio 100.3% → 56.0%). Calculated
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↑
Current ratio back above 1×
Current ratio -311.51× → 2.13×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 128.77m NOK to 57.3k NOK (-100.0% YoY). Calculated
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↓
Net result weakened
Net result +8 499 NOK → +2 699 NOK (net margin 0.0% → 4.7%). Calculated
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↓
Cash fell
Bank deposits 154.4k NOK → 1 529 NOK (-99.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5 742 NOK → -13.7k NOK (-338.6% YoY). Calculated