AIRTRANS AS: årsregnskap 2019 vs 2018
Shrank 70% on revenue
approved 2020-05-03; registry 2020-06-09; journal 2020 408405
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRTRANS AS. Revenue 67.7k NOK → 20.0k NOK (-70.5%). Net result +838 NOK → +6 600 NOK. Equity -565.9k NOK → -572.5k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRTRANS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +838 NOK → +6 600 NOK (net margin 1.2% → 33.0%). Calculated
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↑
Cash rose
Bank deposits 4 540 NOK → 6 841 NOK (+50.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 67.7k NOK to 20.0k NOK (-70.5% YoY). Calculated
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↓
Operating result weakened
Operating result -841 NOK → -6 603 NOK (op. margin -1.2% → -33.0%). Calculated
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↓
Equity eroded
Book equity -565.9k NOK → -572.5k NOK (equity ratio -953.1% → -928.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 60.0k NOK → 16.0k NOK (-73.3% YoY). Calculated