AIRLIFT SERVICES AS: årsregnskap 2018 vs 2017
Grew 27% on revenue, stronger earnings
approved 2019-06-06; registry 2019-07-09; journal 2019 649741
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIRLIFT SERVICES AS. Revenue 55.54m NOK → 70.68m NOK (+27.3%). Net result +47.4k NOK → +77.6k NOK. Equity 846.8k NOK → 769.3k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. 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 55.54m NOK to 70.68m NOK (+27.3% YoY). Calculated
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Net result improved
Net result +47.4k NOK → +77.6k NOK (net margin 0.1% → 0.1%). Calculated
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Cash rose
Bank deposits 2.16m NOK → 2.21m NOK (+2.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.97× → 1.06×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +6 601 NOK → -40.9k NOK (op. margin 0.0% → -0.1%). Calculated
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↓
Equity eroded
Book equity 846.8k NOK → 769.3k NOK (equity ratio 9.9% → 6.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 8 531 NOK → 32.6k NOK (+282.0% YoY). Calculated