AIRMASTER NORGE AS: årsregnskap 2017 vs 2016
Grew 40% on revenue, fresh owner capital
approved 2018-03-09; registry 2018-07-26; journal 2018 796322
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRMASTER NORGE AS. Revenue 16.52m NOK → 23.13m NOK (+40.0%). Equity -186.1k NOK → 108.7k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRMASTER NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.52m NOK to 23.13m NOK (+40.0% YoY). Calculated
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↑
Operating result improved
Operating result -289.6k NOK → +2.52m NOK (op. margin -1.8% → 10.9%). Calculated
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↑
Equity strengthened
Book equity -186.1k NOK → 108.7k NOK (equity ratio -5.2% → 1.4%). Calculated
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Cash rose
Bank deposits 336.1k NOK → 399.9k NOK (+19.0% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.86× → 1.60×. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.81m NOK → 2.10m NOK (11% → 9% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 13.07m NOK → 16.87m NOK (+29.0% YoY). Calculated