AIRSPACE HOLDING AS: årsregnskap 2021 vs 2020
Shrank 18% on revenue, stronger earnings
approved 2022-08-12; registry 2022-08-23; journal 2022 896871
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIRSPACE HOLDING AS. Revenue 1.59m NOK → 1.31m NOK (-17.5%). Net result -2.26m NOK → -1.29m NOK. Equity 61.76m NOK → 57.97m NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: 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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Net result improved
Net result -2.26m NOK → -1.29m NOK (net margin -141.9% → -98.2%). Calculated
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Cash rose
Bank deposits 2.26m NOK → 8.48m NOK (+275.0% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.59m NOK to 1.31m NOK (-17.5% YoY). Calculated
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Operating result weakened
Operating result +29.0k NOK → +4 010 NOK (op. margin 1.8% → 0.3%). Calculated
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Equity eroded
Book equity 61.76m NOK → 57.97m NOK (equity ratio 91.8% → 89.6%). Calculated
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Payroll up without matching revenue
Salary cost 23.3k NOK → 43.7k NOK (1% → 3% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 3.56m NOK → 5.65m NOK. Reported fact