AIRGENIC AS: årsregnskap 2019 vs 2018
Shrank 11% on revenue, returned to profit
approved 2020-06-23; registry 2020-07-16; journal 2020 580706
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRGENIC AS. Revenue 6.55m NOK → 5.81m NOK (-11.3%). Net result -183.7k NOK → +2 024 NOK. Equity 2.26m NOK → 2.26m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRGENIC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -160.1k NOK → +29.6k NOK (op. margin -2.4% → 0.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 183.7k NOK to a profit of 2 024 NOK. Calculated
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↑
Equity strengthened
Book equity 2.26m NOK → 2.26m NOK (equity ratio 71.9% → 75.4%). Calculated
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↑
Cash rose
Bank deposits 166.0k NOK → 960.7k NOK (+478.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.55m NOK to 5.81m NOK (-11.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.78m NOK → 3.04m NOK (42% → 52% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.02m NOK → 1.77m NOK (-41.2% YoY). Calculated