AIRSPACE HOLDING AS: årsregnskap 2018 vs 2017
Cash halved-plus
approved 2019-06-26; registry 2019-07-25; journal 2019 783450
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIRSPACE HOLDING AS. Revenue 0 NOK → 853.3k NOK. Equity 67.97m NOK → 65.94m NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for AIRSPACE HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 853.3k NOK. Calculated
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↑
Operating result improved
Operating result -4.82m NOK → -42.0k NOK. Calculated
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↑
Payroll decreased
Salary cost 4.24m NOK → 2.30m NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 67.97m NOK → 65.94m NOK (equity ratio 99.3% → 99.2%). Calculated
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↓
Cash fell
Bank deposits 25.35m NOK → 374.4k NOK (-98.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (25.35m NOK → 374.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation