FirmaIQ
Org.nr 991 404 155 2019 → 2020 Year-over-year analysis

AIRTRANS AS: årsregnskap 2020 vs 2019

Slipped into loss

approved 2021-05-09; registry 2021-05-12; journal 2021 283915

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIRTRANS AS. Revenue 20.0k NOK → 20.0k NOK (0.0%). Net result +6 600 NOK → -9 103 NOK. Equity -572.5k NOK → -581.6k NOK.

Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRTRANS AS.

At a glance

Scorecard

Revenue
20.0k NOK 20.0k NOK
0.0%
Operating result
-6 603 NOK -9 105 NOK
-37.9%
Net result
+6 600 NOK -9 103 NOK
-237.9%
Equity
-572.5k NOK -581.6k NOK
-1.6%
Cash
6 841 NOK 5 263 NOK
-23.1%
Total assets
61.7k NOK 60.1k NOK
-2.6%

What deteriorated

  • ↓

    Operating result weakened

    Operating result -6 603 NOK → -9 105 NOK (op. margin -33.0% → -45.5%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 6 600 NOK profit to a loss of 9 103 NOK. Calculated

  • ↓

    Equity eroded

    Book equity -572.5k NOK → -581.6k NOK (equity ratio -928.2% → -967.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 6 841 NOK → 5 263 NOK (-23.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -967.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation