AIRLIFT SERVICES AS: årsregnskap 2019 vs 2018
Shrank 5% on revenue, weaker earnings
approved 2020-08-25; registry 2020-09-19; journal 2020 830098
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRLIFT SERVICES AS. Revenue 70.68m NOK → 67.14m NOK (-5.0%). Net result +77.6k NOK → +40.7k NOK. Equity 769.3k NOK → 728.5k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRLIFT SERVICES AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -40.9k NOK → -14.9k NOK (op. margin -0.1% → -0.0%). Calculated
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Cash rose
Bank deposits 2.21m NOK → 2.50m NOK (+13.0% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 70.68m NOK to 67.14m NOK (-5.0% YoY). Calculated
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↓
Net result weakened
Net result +77.6k NOK → +40.7k NOK (net margin 0.1% → 0.1%). Calculated
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Equity eroded
Book equity 769.3k NOK → 728.5k NOK (equity ratio 6.7% → 6.6%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation