FirmaIQ
Org.nr 989 113 704 2015 → 2016 Year-over-year analysis

AIRSPACE HOLDING AS: årsregnskap 2016 vs 2015

Shrank 87% on revenue, stronger earnings, fresh owner capital

approved 2017-07-05; registry 2017-08-10; journal 2017 844464

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AIRSPACE HOLDING AS. Revenue 525.8k NOK → 69.3k NOK (-86.8%). Net result +450.3k NOK → +58.82m NOK. Equity 32.26m NOK → 90.56m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIRSPACE HOLDING AS.

At a glance

Scorecard

Revenue
525.8k NOK 69.3k NOK
-86.8%
Operating result
-1.20m NOK -3.51m NOK
-192.4%
Net result
+450.3k NOK +58.82m NOK
+12961.2%
Equity
32.26m NOK 90.56m NOK
+180.7%
Cash
8.44m NOK 76.48m NOK
+805.8%
Total assets
32.57m NOK 90.60m NOK
+178.1%

What improved

  • ↑

    Net result improved

    Net result +450.3k NOK → +58.82m NOK (net margin 85.7% → 84876.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 32.26m NOK → 90.56m NOK (equity ratio 99.0% → 100.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 8.44m NOK → 76.48m NOK (+805.8% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 3.79m NOK → 6.54m NOK (+2.75m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 528.4k NOK → 28.6k NOK (100% → 41% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 525.8k NOK to 69.3k NOK (-86.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -1.20m NOK → -3.51m NOK (op. margin -228.4% → -5065.5%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 19.57m NOK → 6.93m NOK. Reported fact