AIRPRODUKTER AS: årsregnskap 2019 vs 2018
Shrank 99% on revenue, weaker earnings, fresh owner capital
approved 2020-08-25; registry 2020-09-02; journal 2020 731502
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRPRODUKTER AS. Revenue 439.1k NOK → 4 557 NOK (-99.0%). Net result -292.0k NOK → -1.48m NOK. Equity -197.6k NOK → -1.28m NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIRPRODUKTER AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 203.9k NOK → 310.9k NOK (+52.4% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 94.4k NOK → 494.4k NOK (+400.0k NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 439.1k NOK to 4 557 NOK (-99.0% YoY). Calculated
-
↓
Operating result weakened
Operating result -256.1k NOK → -1.35m NOK (op. margin -58.3% → -29533.0%). Calculated
-
↓
Net result weakened
Net result -292.0k NOK → -1.48m NOK (net margin -66.5% → -32585.8%). Calculated
-
↓
Equity eroded
Book equity -197.6k NOK → -1.28m NOK (equity ratio -15.2% → -46.9%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 867.35× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -46.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 219.6k NOK → 104.0k NOK (-52.6% YoY). Calculated