Org.nr 979 918 984 2015 → 2016 Year-over-year analysis

AIRSWIFT NORGE AS: årsregnskap 2016 vs 2015

Shrank 71% on revenue

approved 2017-04-26; registry 2017-06-17; journal 2017 470467

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AIRSWIFT NORGE AS. Revenue 280.11m NOK → 80.21m NOK (-71.4%). Equity 108.69m NOK → 107.47m NOK.

On the constructive side: payroll decreased. 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 AIRSWIFT NORGE AS.

At a glance

Revenue

280.11m NOK 80.21m NOK

-71.4%

Operating result

+5.47m NOK -3.51m NOK

-164.2%

Net result

+8.66m NOK n/m

—

Equity

108.69m NOK 107.47m NOK

-1.1%

Cash

32.70m NOK n/m

—

Total assets

181.53m NOK 138.70m NOK

-23.6%

↑
Payroll decreased

Salary cost 3.26bn NOK → 70.79m NOK (1163% → 88% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 280.11m NOK to 80.21m NOK (-71.4% YoY). Calculated
↓
Operating result weakened

Operating result +5.47m NOK → -3.51m NOK (op. margin 2.0% → -4.4%). Calculated
↓
Equity eroded

Book equity 108.69m NOK → 107.47m NOK (equity ratio 59.9% → 77.5%). Calculated

·
Book investments changed

Investment / intangible book value 98.19m NOK → 115.27m NOK. Reported fact