AIRSWIFT NORGE AS: årsregnskap 2017 vs 2016
Shrank 26% on revenue
approved 2018-04-06; registry 2018-08-02; journal 2018 853363
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRSWIFT NORGE AS. Revenue 80.21m NOK → 59.49m NOK (-25.8%). Equity 107.47m NOK → 124.41m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIRSWIFT NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 107.47m NOK → 124.41m NOK (equity ratio 77.5% → 69.7%). Calculated
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↑
Payroll decreased
Salary cost 70.79m NOK → 48.23m NOK (88% → 81% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 80.21m NOK to 59.49m NOK (-25.8% YoY). Calculated
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↓
Operating result weakened
Operating result -3.51m NOK → -3.58m NOK (op. margin -4.4% → -6.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.62× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 115.27m NOK → 136.08m NOK. Reported fact