AIRKAY AS: årsregnskap 2020 vs 2019
Grew 138420% on revenue, weaker earnings
approved 2021-09-03; registry 2021-10-06; journal 2021 780965
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRKAY AS. Revenue 5 266 NOK → 7.29m NOK (+138419.9%). Net result +139.5k NOK → +110.4k NOK. Equity 13.16m NOK → 2 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRKAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5 266 NOK to 7.29m NOK (+138419.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +218.6k NOK → +181.2k NOK (op. margin 4150.4% → 2.5%). Calculated
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↓
Net result weakened
Net result +139.5k NOK → +110.4k NOK (net margin 2649.7% → 1.5%). Calculated
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↓
Equity eroded
Book equity 13.16m NOK → 2 NOK (equity ratio 687.6% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 518.0k NOK → 477.8k NOK (-7.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 NOK → 2.00m NOK (0% → 27% of revenue). Calculated
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COGS moved
COGS / varekostnad 2 485 NOK → 3.31m NOK (+132944.0% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 2.3 → 2.9. Reported fact