AIRCRAFT SOLUTIONS AS: årsregnskap 2020 vs 2019
Grew 2502% on revenue, slipped into loss
approved 2021-06-11; registry 2021-06-30; journal 2021 425922
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRCRAFT SOLUTIONS AS. Revenue 110.6k NOK → 2.88m NOK (+2502.1%). Net result +1 253 NOK → -436.2k NOK. Equity 749.8k NOK → 313.6k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved; 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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↑
Revenue rose
Operating income / revenue moved from 110.6k NOK to 2.88m NOK (+2502.1% YoY). Calculated
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↑
Cash rose
Bank deposits 286.1k NOK → 533.3k NOK (+86.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 803.2k NOK → 295.2k NOK (726% → 10% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +948.9k NOK → -403.7k NOK (op. margin 858.0% → -14.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 1 253 NOK profit to a loss of 436.2k NOK. Calculated
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↓
Equity eroded
Book equity 749.8k NOK → 313.6k NOK (equity ratio 12.7% → 13.2%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 309.7k NOK → 516.8k NOK (+66.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 25.0k NOK → 1 227 NOK. Reported fact