Org.nr 985 855 692 2011 → 2012 Year-over-year analysis

AIR TICKET AS: årsregnskap 2012 vs 2011

Shrank 9% on revenue

approved 2013-06-18; registry 2013-08-31; journal 2013 716297

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for AIR TICKET AS. Revenue 132.88m NOK → 121.23m NOK (-8.8%). Equity 2.63m NOK → 3.10m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIR TICKET AS.

At a glance

Revenue

132.88m NOK 121.23m NOK

-8.8%

Operating result

+931.7k NOK +730.8k NOK

-21.6%

Net result

+632.8k NOK n/m

—

Equity

2.63m NOK 3.10m NOK

+17.7%

Cash

78.3k NOK 68.8k NOK

-12.2%

Total assets

9.94m NOK 9.62m NOK

-3.2%

↑
Equity strengthened

Book equity 2.63m NOK → 3.10m NOK (equity ratio 26.5% → 32.2%). Calculated

↓
Revenue fell

Operating income / revenue moved from 132.88m NOK to 121.23m NOK (-8.8% YoY). Calculated
↓
Operating result weakened

Operating result +931.7k NOK → +730.8k NOK (op. margin 0.7% → 0.6%). Calculated
↓
Cash fell

Bank deposits 78.3k NOK → 68.8k NOK (-12.2% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1.82m NOK → 1.99m NOK (1% → 2% of revenue). Calculated

·
COGS fell

COGS / varekostnad 128.18m NOK → 117.46m NOK (-8.4% YoY). Calculated
·
Book investments changed

Investment / intangible book value 165.6k NOK → 174.4k NOK. Reported fact