Org.nr 912 403 750 2015 → 2016 Year-over-year analysis

AIRDESIGN AS: årsregnskap 2016 vs 2015

Shrank 46% on revenue, cash halved-plus

approved 2017-04-22; registry 2017-06-29; journal 2017 568705

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AIRDESIGN AS. Revenue 1.67m NOK → 908.7k NOK (-45.7%). Equity 335.8k NOK → 172.9k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRDESIGN AS.

At a glance

Revenue

1.67m NOK 908.7k NOK

-45.7%

Operating result

+3 534 NOK -162.7k NOK

-4703.4%

Net result

n/m -162.9k NOK

—

Equity

335.8k NOK 172.9k NOK

-48.5%

Cash

305.7k NOK 106.5k NOK

-65.2%

Total assets

565.0k NOK 372.3k NOK

-34.1%

↑
Payroll decreased

Salary cost 516.4k NOK → 363.6k NOK (31% → 40% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.67m NOK to 908.7k NOK (-45.7% YoY). Calculated
↓
Operating result weakened

Operating result +3 534 NOK → -162.7k NOK (op. margin 0.2% → -17.9%). Calculated
↓
Equity eroded

Book equity 335.8k NOK → 172.9k NOK (equity ratio 59.4% → 46.4%). Calculated
↓
Cash fell

Bank deposits 305.7k NOK → 106.5k NOK (-65.2% YoY). Calculated

·
COGS fell

COGS / varekostnad 997.4k NOK → 445.2k NOK (-55.4% YoY). Calculated