AIRSWIFT NORGE AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-05-27; registry 2021-08-03; journal 2021 571450
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRSWIFT NORGE AS. Revenue 106.89m NOK → 102.09m NOK (-4.5%). Net result -67.44m NOK → -3.71m NOK. Equity 52.70m NOK → 48.99m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
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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↑
Operating result improved
Operating result -92.55m NOK → -1.93m NOK (op. margin -86.6% → -1.9%). Calculated
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↑
Net result improved
Net result -67.44m NOK → -3.71m NOK (net margin -63.1% → -3.6%). Calculated
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↑
Payroll decreased
Salary cost 91.42m NOK → 88.78m NOK (86% → 87% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 106.89m NOK to 102.09m NOK (-4.5% YoY). Calculated
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↓
Equity eroded
Book equity 52.70m NOK → 48.99m NOK (equity ratio 33.5% → 35.7%). Calculated
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↓
Cash fell
Bank deposits 2.19m NOK → 1.86m NOK (-14.7% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 97.10m NOK → 95.77m NOK. Reported fact