AIRLIFT SERVICES AS: årsregnskap 2017 vs 2016
Grew 62% on revenue, weaker earnings
approved 2018-05-29; registry 2018-06-26; journal 2018 564708
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRLIFT SERVICES AS. Revenue 34.26m NOK → 55.54m NOK (+62.1%). Net result +64.4k NOK → +47.4k NOK. Equity 894.2k NOK → 846.8k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AIRLIFT SERVICES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 34.26m NOK to 55.54m NOK (+62.1% YoY). Calculated
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↑
Operating result improved
Operating result -61.0k NOK → +6 601 NOK (op. margin -0.2% → 0.0%). Calculated
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↑
Cash rose
Bank deposits 1.19m NOK → 2.16m NOK (+81.1% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +64.4k NOK → +47.4k NOK (net margin 0.2% → 0.1%). Calculated
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↓
Equity eroded
Book equity 894.2k NOK → 846.8k NOK (equity ratio 11.5% → 9.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 768.9k NOK → 401.1k NOK. Reported fact