AIRFLOW FILTER AS: årsregnskap 2019 vs 2018
Shrank 29% on revenue, weaker earnings, cash halved-plus
approved 2020-06-23; registry 2020-09-28; journal 2020 866839
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRFLOW FILTER AS. Revenue 913.8k NOK → 651.2k NOK (-28.7%). Net result +204.6k NOK → +148.7k NOK. Equity 822.9k NOK → 971.7k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRFLOW FILTER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 822.9k NOK → 971.7k NOK (equity ratio 5262.6% → 90.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 913.8k NOK to 651.2k NOK (-28.7% YoY). Calculated
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↓
Operating result weakened
Operating result +266.6k NOK → +191.2k NOK (op. margin 29.2% → 29.4%). Calculated
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↓
Net result weakened
Net result +204.6k NOK → +148.7k NOK (net margin 22.4% → 22.8%). Calculated
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↓
Cash fell
Bank deposits 736.1k NOK → 44.4k NOK (-94.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.17× → 0.50× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 604.3k NOK → 419.9k NOK (-30.5% YoY). Calculated