AIRLIFT SERVICES AS: årsregnskap 2022 vs 2021
Grew 11% on revenue, stronger earnings, cash halved-plus
approved 2023-05-25; registry 2023-07-25; journal 2023 609469
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for AIRLIFT SERVICES AS. Revenue 61.38m NOK → 67.87m NOK (+10.6%). Net result -36.8k NOK → -10.8k NOK. Equity 645.2k NOK → 634.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
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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↑
Revenue rose
Operating income / revenue moved from 61.38m NOK to 67.87m NOK (+10.6% YoY). Calculated
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↑
Operating result improved
Operating result -55.5k NOK → +24.0k NOK (op. margin -0.1% → 0.0%). Calculated
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Net result improved
Net result -36.8k NOK → -10.8k NOK (net margin -0.1% → -0.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 645.2k NOK → 634.4k NOK (equity ratio 7.0% → 4.8%). Calculated
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↓
Cash fell
Bank deposits 6.98m NOK → 2.99m NOK (-57.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation