AIRMINE AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-06-08; registry 2020-10-03; journal 2020 939144
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRMINE AS. Revenue 470.0k NOK → 481.5k NOK (+2.4%). Equity 98.4k NOK → -705.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for AIRMINE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 470.0k NOK to 481.5k NOK (+2.4% YoY). Calculated
-
↑
Cash rose
Bank deposits 401.3k NOK → 638.9k NOK (+59.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +106.1k NOK → -774.4k NOK (op. margin 22.6% → -160.8%). Calculated
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↓
Equity eroded
Book equity 98.4k NOK → -705.6k NOK (equity ratio 11.7% → -107.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -107.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 103.9k NOK → 24.4k NOK — check capital reduction, conversion, or reclassification. Interpretation