AIRCRAFT SOLUTIONS AS: årsregnskap 2018 vs 2017
Shrank 20% on revenue, stronger earnings
approved 2019-06-20; registry 2019-07-27; journal 2019 796580
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIRCRAFT SOLUTIONS AS. Revenue 2.02m NOK → 1.62m NOK (-19.7%). Net result +184.3k NOK → +238.7k NOK. Equity 2.24m NOK → 2.00m NOK.
On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRCRAFT SOLUTIONS AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +184.3k NOK → +238.7k NOK (net margin 9.1% → 14.7%). Calculated
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Cash rose
Bank deposits 146.9k NOK → 275.8k NOK (+87.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.04× → 1.90×. Calculated
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Payroll decreased
Salary cost 886.5k NOK → 804.4k NOK (44% → 50% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.02m NOK to 1.62m NOK (-19.7% YoY). Calculated
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Equity eroded
Book equity 2.24m NOK → 2.00m NOK (equity ratio 38.6% → 29.6%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 2.24m NOK → 2.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 894.9k NOK → 552.9k NOK (-38.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.22m NOK → 25.0k NOK. Reported fact