AIRLOG GROUP AS: årsregnskap 2020 vs 2019
Grew 110915% on revenue, weaker earnings
approved 2021-05-12; registry 2021-07-05; journal 2021 530706
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRLOG GROUP AS. Revenue 4 202 NOK → 4.66m NOK (+110915.3%). Net result +71.9k NOK → +23.7k NOK. Equity 168.6k NOK → 107.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AIRLOG GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 202 NOK to 4.66m NOK (+110915.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +154.5k NOK → +5 936 NOK (op. margin 3676.6% → 0.1%). Calculated
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↓
Net result weakened
Net result +71.9k NOK → +23.7k NOK (net margin 1711.6% → 0.5%). Calculated
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↓
Equity eroded
Book equity 168.6k NOK → 107.3k NOK (equity ratio 10.6% → 4.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 3 150 NOK → 3.64m NOK (+115488.9% YoY). Calculated