Org.nr 990 800 464 2019 → 2020 Year-over-year analysis

AIRLIFT SERVICES AS: årsregnskap 2020 vs 2019

Slipped into loss

approved 2021-06-15; registry 2021-08-04; journal 2021 577940

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIRLIFT SERVICES AS. Net result +40.7k NOK → -46.5k NOK. Equity 728.5k NOK → 682.0k NOK.

Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRLIFT SERVICES AS.

At a glance

Revenue

67.14m NOK n/m

—

Operating result

-14.9k NOK -67.0k NOK

-349.2%

Net result

+40.7k NOK -46.5k NOK

-214.3%

Equity

728.5k NOK 682.0k NOK

-6.4%

Cash

2.50m NOK 2.29m NOK

-8.5%

Total assets

11.07m NOK 11.62m NOK

+4.9%

↓
Operating result weakened

Operating result -14.9k NOK → -67.0k NOK. Calculated
↓
Fell into a net loss

Net result flipped from 40.7k NOK profit to a loss of 46.5k NOK. Calculated
↓
Equity eroded

Book equity 728.5k NOK → 682.0k NOK (equity ratio 6.6% → 5.9%). Calculated
↓
Cash fell

Bank deposits 2.50m NOK → 2.29m NOK (-8.5% YoY). Calculated

·
Thin equity buffer

Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation