Org.nr 913 370 147 2016 → 2017 Year-over-year analysis

AIREX AVIATION AS: årsregnskap 2017 vs 2016

Shrank 53% on revenue, cash halved-plus

approved 2018-06-08; registry 2018-06-13; journal 2018 478551

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for AIREX AVIATION AS. Revenue 184.5k NOK → 86.0k NOK (-53.4%). Equity -15.9k NOK → -17.4k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIREX AVIATION AS.

At a glance

Revenue

184.5k NOK 86.0k NOK

-53.4%

Operating result

+138.4k NOK n/m

—

Equity

-15.9k NOK -17.4k NOK

-9.3%

Cash

20.1k NOK 5 987 NOK

-70.2%

Total assets

-4 874 NOK 9 065 NOK

+286.0%

↓
Revenue fell

Operating income / revenue moved from 184.5k NOK to 86.0k NOK (-53.4% YoY). Calculated
↓
Equity eroded

Book equity -15.9k NOK → -17.4k NOK (equity ratio 326.8% → -192.0%). Calculated
↓
Cash fell

Bank deposits 20.1k NOK → 5 987 NOK (-70.2% YoY). Calculated
↓
COGS moved

COGS / varekostnad 0 NOK → 5 420 NOK (None YoY). Calculated

·
Thin equity buffer

Equity ratio is -192.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation