AIR TICKET AS: årsregnskap 2010 vs 2009
Grew 13% on revenue, stronger earnings, cash halved-plus
approved 2011-07-07; registry 2011-08-08; journal 2011 562317
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AIR TICKET AS. Revenue 121.34m NOK → 136.68m NOK (+12.6%). Net result +371.1k NOK → +615.9k NOK. Equity 1.38m NOK → 2.00m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR TICKET AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 121.34m NOK to 136.68m NOK (+12.6% YoY). Calculated
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Operating result improved
Operating result +13.0k NOK → +871.4k NOK (op. margin 0.0% → 0.6%). Calculated
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Net result improved
Net result +371.1k NOK → +615.9k NOK (net margin 0.3% → 0.5%). Calculated
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Equity strengthened
Book equity 1.38m NOK → 2.00m NOK (equity ratio 12.9% → 27.7%). Calculated
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Current ratio back above 1×
Current ratio 0.92× → 1.03×. Calculated
What deteriorated
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Cash fell
Bank deposits 3.40m NOK → -1.25m NOK (-136.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.40m NOK → -1.25m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 2 NOK → 1.80m NOK (0% → 1% of revenue). Calculated
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COGS moved
COGS / varekostnad 118.58m NOK → 132.59m NOK (+11.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 100.5k NOK → 129.8k NOK. Reported fact