AIRCRAFT SOLUTIONS AS: årsregnskap 2017 vs 2016
Grew 89% on revenue, stronger earnings, cash halved-plus
approved 2018-05-08; registry 2018-07-11; journal 2018 669215
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRCRAFT SOLUTIONS AS. Revenue 1.07m NOK → 2.02m NOK (+89.4%). Net result +88.4k NOK → +184.3k NOK. Equity 2.43m NOK → 2.24m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AIRCRAFT SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.07m NOK to 2.02m NOK (+89.4% YoY). Calculated
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↑
Net result improved
Net result +88.4k NOK → +184.3k NOK (net margin 8.3% → 9.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 2.43m NOK → 2.24m NOK (equity ratio 56.7% → 38.6%). Calculated
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↓
Cash fell
Bank deposits 298.1k NOK → 146.9k NOK (-50.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.48× → 0.04× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 2.43m NOK → 2.24m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 804.3k NOK → 886.5k NOK (75% → 44% of revenue). Calculated