AIREX AVIATION AS: årsregnskap 2020 vs 2019
Grew 400% on revenue, slipped into loss
approved 2021-08-11; registry 2021-08-14; journal 2021 629008
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIREX AVIATION AS. Revenue 407.7k NOK → 2.04m NOK (+399.6%). Net result +125.4k NOK → -152.4k NOK. Equity 12.14m NOK → 13 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AIREX AVIATION AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 407.7k NOK to 2.04m NOK (+399.6% YoY). Calculated
-
↑
Cash rose
Bank deposits 55.4k NOK → 250.9k NOK (+353.0% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +187.0k NOK → -117.2k NOK (op. margin 45.9% → -5.8%). Calculated
-
↓
Fell into a net loss
Net result flipped from 125.4k NOK profit to a loss of 152.4k NOK. Calculated
-
↓
Equity eroded
Book equity 12.14m NOK → 13 NOK (equity ratio 2984.3% → 0.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 629.6k NOK → 729.1k NOK (+15.8% YoY). Calculated