AIRSUSPENSION AS: årsregnskap 2018 vs 2017
Grew 262% on revenue, stronger earnings
approved 2019-06-28; registry 2019-08-06; journal 2019 876020
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIRSUSPENSION AS. Revenue 821.6k NOK → 2.98m NOK (+262.2%). Net result +84.5k NOK → +225.4k NOK. Equity 7.11m NOK → 337.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRSUSPENSION AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 821.6k NOK to 2.98m NOK (+262.2% YoY). Calculated
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Operating result improved
Operating result +110.3k NOK → +292.7k NOK (op. margin 13.4% → 9.8%). Calculated
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Net result improved
Net result +84.5k NOK → +225.4k NOK (net margin 10.3% → 7.6%). Calculated
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Cash rose
Bank deposits 184.4k NOK → 275.5k NOK (+49.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 7.11m NOK → 337.0k NOK (equity ratio 1019.5% → 568.5%). Calculated
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Current ratio dropped below 1×
Current ratio 1.19× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 11 NOK → 13.0k NOK (0% → 0% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 102.8k NOK → 2.39m NOK (+2223.3% YoY). Calculated