AIRDESIGN AS: årsregnskap 2018 vs 2017
Grew 75001% on revenue, weaker earnings
approved 2019-06-24; registry 2019-08-01; journal 2019 850156
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIRDESIGN AS. Revenue 1 034 NOK → 776.5k NOK (+75000.8%). Net result +357.1k NOK → +16.4k NOK. Equity 530.0k NOK → 546.4k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for AIRDESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 034 NOK to 776.5k NOK (+75000.8% YoY). Calculated
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↑
Equity strengthened
Book equity 530.0k NOK → 546.4k NOK (equity ratio 65.2% → 73.2%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +422.5k NOK → +23.0k NOK (op. margin 40857.9% → 3.0%). Calculated
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↓
Net result weakened
Net result +357.1k NOK → +16.4k NOK (net margin 34538.1% → 2.1%). Calculated
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↓
Cash fell
Bank deposits 245.5k NOK → 136.4k NOK (-44.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 366.3k NOK → 483.3k NOK (35427% → 62% of revenue). Calculated