AIRPROSJEKT AS: årsregnskap 2019 vs 2018
Slipped into loss
approved 2020-08-31; registry 2020-09-14; journal 2020 805367
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRPROSJEKT AS. Revenue 2.29m NOK → 2.27m NOK (-0.8%). Net result +392.4k NOK → -6.40m NOK. Equity 3.12m NOK → -3.37m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AIRPROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 329.1k NOK → 382.2k NOK (+16.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.29m NOK to 2.27m NOK (-0.8% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 392.4k NOK profit to a loss of 6.40m NOK. Calculated
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↓
Equity eroded
Book equity 3.12m NOK → -3.37m NOK (equity ratio 13.9% → -22.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -22.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 5.94m NOK → 101.2k NOK. Reported fact