AIRSPACE HOLDING AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, cash halved-plus
approved 2018-08-31; registry 2018-09-10; journal 2018 922787
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRSPACE HOLDING AS. Revenue 69.3k NOK → 0 NOK (-100.0%). Equity 90.56m NOK → 67.97m NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AIRSPACE HOLDING AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 69.3k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -3.51m NOK → -4.82m NOK. Calculated
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↓
Equity eroded
Book equity 90.56m NOK → 67.97m NOK (equity ratio 100.0% → 99.3%). Calculated
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↓
Cash fell
Bank deposits 76.48m NOK → 25.35m NOK (-66.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 28.6k NOK → 4.24m NOK. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (76.48m NOK → 25.35m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 6.54m NOK → 5.57m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 6.93m NOK → 3.24m NOK. Reported fact