Org.nr 979 918 984 2018 → 2019 Year-over-year analysis

AIRSWIFT NORGE AS: årsregnskap 2019 vs 2018

Grew 40% on revenue

approved 2020-03-31; registry 2020-08-29; journal 2020 708963

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AIRSWIFT NORGE AS. Revenue 76.46m NOK → 106.89m NOK (+39.8%). Equity 120.14m NOK → 52.70m NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded.

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for AIRSWIFT NORGE AS.

At a glance

Revenue

76.46m NOK 106.89m NOK

+39.8%

Operating result

-6.28m NOK -92.55m NOK

-1373.6%

Net result

n/m -67.44m NOK

—

Equity

120.14m NOK 52.70m NOK

-56.1%

Cash

n/m 2.19m NOK

—

Total assets

235.84m NOK 157.14m NOK

-33.4%

↑
Revenue rose

Operating income / revenue moved from 76.46m NOK to 106.89m NOK (+39.8% YoY). Calculated

↓
Operating result weakened

Operating result -6.28m NOK → -92.55m NOK (op. margin -8.2% → -86.6%). Calculated
↓
Equity eroded

Book equity 120.14m NOK → 52.70m NOK (equity ratio 50.9% → 33.5%). Calculated

·
Payroll increased

Salary cost 65.48m NOK → 91.42m NOK (86% → 86% of revenue). Calculated
·
Book investments changed

Investment / intangible book value 182.29m NOK → 97.10m NOK. Reported fact