AERO NORWAY AS: årsregnskap 2015 vs 2014
Grew 3965% on revenue, stronger earnings
approved 2016-02-17; registry 2016-03-01; journal 2016 315714
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AERO NORWAY AS. Revenue 771.9k NOK → 31.38m NOK (+3965.4%). Net result -9.39m NOK → -2.53m NOK. Equity 4.88m NOK → 2.35m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AERO NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 771.9k NOK to 31.38m NOK (+3965.4% YoY). Calculated
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Net result improved
Net result -9.39m NOK → -2.53m NOK (net margin -1216.8% → -8.1%). Calculated
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Cash rose
Bank deposits 1.04m NOK → 2.67m NOK (+157.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.88m NOK → 2.35m NOK (equity ratio 18.9% → 5.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 4.88m NOK → 2.35m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 7.94m NOK → 8.31m NOK (1029% → 26% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.73m NOK → 21.18m NOK (+1123.8% YoY). Calculated