AIRFIL AS: årsregnskap 2017 vs 2016
Shrank 96% on revenue, weaker earnings
approved 2018-02-21; registry 2018-02-28; journal 2018 216025
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRFIL AS. Revenue 2.20m NOK → 85.8k NOK (-96.1%). Net result -2 767 NOK → -208.2k NOK. Equity 53.7k NOK → -216.2k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRFIL AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 45.5k NOK → 98.3k NOK (+115.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.20m NOK to 85.8k NOK (-96.1% YoY). Calculated
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↓
Operating result weakened
Operating result -207.8k NOK → -245.4k NOK (op. margin -9.4% → -285.9%). Calculated
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↓
Net result weakened
Net result -2 767 NOK → -208.2k NOK (net margin -0.1% → -242.5%). Calculated
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↓
Equity eroded
Book equity 53.7k NOK → -216.2k NOK (equity ratio 10.7% → -25.6%). Calculated
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↓
COGS moved
COGS / varekostnad 2.18m NOK → 2.73m NOK (+24.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -25.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation