AIRPORT COORDINATION NORWAY AS: årsregnskap 2018 vs 2017
Grew 44% on revenue, stronger earnings
approved 2019-05-13; registry 2019-06-19; journal 2019 475971
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIRPORT COORDINATION NORWAY AS. Revenue 3.09m NOK → 4.46m NOK (+44.4%). Net result +244.8k NOK → +324.4k NOK. Equity 769.1k NOK → 93.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRPORT COORDINATION NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.09m NOK to 4.46m NOK (+44.4% YoY). Calculated
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↑
Operating result improved
Operating result +343.3k NOK → +425.6k NOK (op. margin 11.1% → 9.5%). Calculated
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Net result improved
Net result +244.8k NOK → +324.4k NOK (net margin 7.9% → 7.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 769.1k NOK → 93.5k NOK (equity ratio 53.6% → 4.2%). Calculated
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↓
Cash fell
Bank deposits 927.8k NOK → 815.4k NOK (-12.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation