AIRLY INVEST AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2018-06-29; registry 2018-07-05; journal 2018 639869
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRLY INVEST AS. Revenue 291.5k NOK → 291 NOK (-99.9%). Net result +107.4k NOK → -67.2k NOK. Equity 59.1k NOK → -58.1k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRLY INVEST AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 291.5k NOK to 291 NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result +133.3k NOK → -67.5k NOK (op. margin 45.7% → -23202.1%). Calculated
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Fell into a net loss
Net result flipped from 107.4k NOK profit to a loss of 67.2k NOK. Calculated
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Equity eroded
Book equity 59.1k NOK → -58.1k NOK (equity ratio 44.0% → -4212.6%). Calculated
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Cash fell
Bank deposits 6 363 NOK → 83 NOK (-98.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -4212.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation