FirmaIQ
Org.nr 921 095 651 2020 → 2021 Year-over-year analysis

AIRMINE AS: årsregnskap 2021 vs 2020

Grew 9% on revenue, weaker earnings

approved 2022-04-28; registry 2022-08-02; journal 2022 857486

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AIRMINE AS. Revenue 3.92m NOK → 4.30m NOK (+9.5%). Net result -14.7k NOK → -2.80m NOK. Equity 1.42m NOK → -1.38m NOK.

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

Also worth watching: thin equity buffer; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for AIRMINE AS.

At a glance

Scorecard

Revenue
3.92m NOK 4.30m NOK
+9.5%
Operating result
+76.9k NOK -2.80m NOK
-3738.1%
Net result
-14.7k NOK -2.80m NOK
-18978.2%
Equity
1.42m NOK -1.38m NOK
-197.1%
Cash
802.5k NOK 1.83m NOK
+128.5%
Total assets
849.4k NOK 2.75m NOK
+223.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.92m NOK to 4.30m NOK (+9.5% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 802.5k NOK → 1.83m NOK (+128.5% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +76.9k NOK → -2.80m NOK (op. margin 2.0% → -65.1%). Calculated

  • ↓

    Net result weakened

    Net result -14.7k NOK → -2.80m NOK (net margin -0.4% → -65.1%). Calculated

  • ↓

    Equity eroded

    Book equity 1.42m NOK → -1.38m NOK (equity ratio 167.1% → -50.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -50.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 43.2k NOK → 109.5k NOK (+153.5% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 6 → 8. Reported fact