AIRSPACE HOLDING AS: årsregnskap 2020 vs 2019
Grew 1639% on revenue, slipped into loss
approved 2021-10-26; registry 2021-11-02; journal 2021 892767
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRSPACE HOLDING AS. Revenue 91.6k NOK → 1.59m NOK (+1638.8%). Net result +1.68m NOK → -2.26m NOK. Equity 64.02m NOK → 61.76m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs fell; book investments changed. 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 91.6k NOK to 1.59m NOK (+1638.8% YoY). Calculated
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↑
Cash rose
Bank deposits 844.4k NOK → 2.26m NOK (+167.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.28m NOK → +29.0k NOK (op. margin 1393.8% → 1.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.68m NOK profit to a loss of 2.26m NOK. Calculated
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↓
Equity eroded
Book equity 64.02m NOK → 61.76m NOK (equity ratio 99.4% → 91.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost -932 NOK → 23.3k NOK (-1% → 1% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 34.7k NOK → 587 NOK (-98.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 999 NOK → 3.56m NOK. Reported fact