AIREX AVIATION AS: årsregnskap 2021 vs 2020
Shrank 84% on revenue, weaker earnings, cash halved-plus
approved 2022-07-04; registry 2022-08-02; journal 2022 860244
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIREX AVIATION AS. Revenue 2.04m NOK → 317.8k NOK (-84.4%). Net result -152.4k NOK → -196.2k NOK. Equity 13 NOK → -208.3k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIREX AVIATION AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.04m NOK to 317.8k NOK (-84.4% YoY). Calculated
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Operating result weakened
Operating result -117.2k NOK → -192.5k NOK (op. margin -5.8% → -60.6%). Calculated
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↓
Net result weakened
Net result -152.4k NOK → -196.2k NOK (net margin -7.5% → -61.8%). Calculated
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Equity eroded
Book equity 13 NOK → -208.3k NOK (equity ratio 0.0% → -196.2%). Calculated
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Cash fell
Bank deposits 250.9k NOK → 9 161 NOK (-96.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -196.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 729.1k NOK → 31.3k NOK (-95.7% YoY). Calculated