Org.nr 913 056 892 2018 → 2019 Year-over-year analysis

AIRMASTER NORGE AS: årsregnskap 2019 vs 2018

Shrank 48% on revenue

approved 2020-04-30; registry 2020-09-28; journal 2020 866675

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AIRMASTER NORGE AS. Revenue 23.50m NOK → 12.14m NOK (-48.3%). Equity 3.15m NOK → 2.58m NOK.

On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRMASTER NORGE AS.

At a glance

Revenue

23.50m NOK 12.14m NOK

-48.3%

Operating result

+66.2k NOK +533.9k NOK

+707.1%

Net result

n/m +421.6k NOK

—

Equity

3.15m NOK 2.58m NOK

-18.3%

Cash

189.9k NOK 2.32m NOK

+1119.5%

Total assets

4.05m NOK 4.65m NOK

+14.8%

↑
Operating result improved

Operating result +66.2k NOK → +533.9k NOK (op. margin 0.3% → 4.4%). Calculated
↑
Cash rose

Bank deposits 189.9k NOK → 2.32m NOK (+1119.5% YoY). Calculated
↑
Payroll decreased

Salary cost 3.74m NOK → 2.42m NOK (16% → 20% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 23.50m NOK to 12.14m NOK (-48.3% YoY). Calculated
↓
Equity eroded

Book equity 3.15m NOK → 2.58m NOK (equity ratio 77.9% → 55.4%). Calculated