Org.nr 913 056 892 2017 → 2018 Year-over-year analysis

AIRMASTER NORGE AS: årsregnskap 2018 vs 2017

Cash halved-plus

approved 2019-04-25; registry 2019-07-16; journal 2019 725472

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for AIRMASTER NORGE AS. Revenue 23.13m NOK → 23.50m NOK (+1.6%). Equity 108.7k NOK → 3.15m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRMASTER NORGE AS.

At a glance

Revenue

23.13m NOK 23.50m NOK

+1.6%

Operating result

+2.52m NOK +66.2k NOK

-97.4%

Equity

108.7k NOK 3.15m NOK

+2800.6%

Cash

399.9k NOK 189.9k NOK

-52.5%

Total assets

7.90m NOK 4.05m NOK

-48.8%

↑
Revenue rose

Operating income / revenue moved from 23.13m NOK to 23.50m NOK (+1.6% YoY). Calculated
↑
Equity strengthened

Book equity 108.7k NOK → 3.15m NOK (equity ratio 1.4% → 77.9%). Calculated

↓
Operating result weakened

Operating result +2.52m NOK → +66.2k NOK (op. margin 10.9% → 0.3%). Calculated
↓
Cash fell

Bank deposits 399.9k NOK → 189.9k NOK (-52.5% YoY). Calculated

·
Payroll increased

Salary cost 2.10m NOK → 3.74m NOK (9% → 16% of revenue). Calculated
·
COGS moved

COGS / varekostnad 16.87m NOK → 17.54m NOK (+4.0% YoY). Calculated