AIRCRAFT SOLUTIONS AS: årsregnskap 2019 vs 2018
Shrank 93% on revenue, weaker earnings
approved 2020-06-29; registry 2020-08-31; journal 2020 717813
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRCRAFT SOLUTIONS AS. Revenue 1.62m NOK → 110.6k NOK (-93.2%). Net result +238.7k NOK → +1 253 NOK. Equity 2.00m NOK → 749.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AIRCRAFT SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 275.8k NOK → 286.1k NOK (+3.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.62m NOK to 110.6k NOK (-93.2% YoY). Calculated
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↓
Net result weakened
Net result +238.7k NOK → +1 253 NOK (net margin 14.7% → 1.1%). Calculated
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↓
Equity eroded
Book equity 2.00m NOK → 749.8k NOK (equity ratio 29.6% → 12.7%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 2.00m NOK → 1.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 552.9k NOK → 309.7k NOK (-44.0% YoY). Calculated