AIRTHINGS AS: årsregnskap 2017 vs 2016
Grew 110% on revenue, weaker earnings, fresh owner capital
approved 2018-04-27; registry 2018-05-14; journal 2018 315113
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AIRTHINGS AS. Revenue 29.49m NOK → 61.82m NOK (+109.6%). Net result +796.8k NOK → +348.7k NOK. Equity 18.30m NOK → 49.44m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIRTHINGS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 29.49m NOK to 61.82m NOK (+109.6% YoY). Calculated
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↑
Equity strengthened
Book equity 18.30m NOK → 49.44m NOK (equity ratio 79.4% → 80.2%). Calculated
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↑
Cash rose
Bank deposits 12.87m NOK → 35.23m NOK (+173.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 11.60m NOK → 37.39m NOK (+25.79m NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result +796.8k NOK → +348.7k NOK (net margin 2.7% → 0.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3 NOK → 17.37m NOK (0% → 28% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 10.47m NOK → 19.57m NOK (+87.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 120.6k NOK → 59.4k NOK. Reported fact