AIRFIL AS: årsregnskap 2018 vs 2017
Grew 2609% on revenue
approved 2019-02-20; registry 2019-03-30; journal 2019 259938
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIRFIL AS. Revenue 85.8k NOK → 2.33m NOK (+2609.3%). Net result -208.2k NOK → -208.2k NOK. Equity -216.2k NOK → -325.3k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AIRFIL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 85.8k NOK to 2.33m NOK (+2609.3% YoY). Calculated
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↑
Operating result improved
Operating result -245.4k NOK → -207.8k NOK (op. margin -285.9% → -8.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -216.2k NOK → -325.3k NOK (equity ratio -25.6% → -61.1%). Calculated
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↓
Cash fell
Bank deposits 98.3k NOK → 51.5k NOK (-47.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -61.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 289.6k NOK → 150.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 2 224 NOK → 495.0k NOK (3% → 21% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 2.73m NOK → 1.76m NOK (-35.4% YoY). Calculated