Org.nr 985 855 692 2012 → 2013 Year-over-year analysis

AIR TICKET AS: årsregnskap 2013 vs 2012

Shrank 9% on revenue, cash halved-plus

approved 2014-08-28; registry 2014-09-06; journal 2014 789597

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for AIR TICKET AS. Revenue 121.23m NOK → 109.82m NOK (-9.4%). Equity 3.10m NOK → 3.26m NOK.

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

Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for AIR TICKET AS.

At a glance

Revenue

121.23m NOK 109.82m NOK

-9.4%

Operating result

+730.8k NOK +354.9k NOK

-51.4%

Equity

3.10m NOK 3.26m NOK

+5.1%

Cash

68.8k NOK 18.7k NOK

-72.8%

Total assets

9.62m NOK 9.82m NOK

+2.1%

↑
Equity strengthened

Book equity 3.10m NOK → 3.26m NOK (equity ratio 32.2% → 33.2%). Calculated
↑
Payroll decreased

Salary cost 1.99m NOK → 1.74m NOK (2% → 2% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 121.23m NOK to 109.82m NOK (-9.4% YoY). Calculated
↓
Operating result weakened

Operating result +730.8k NOK → +354.9k NOK (op. margin 0.6% → 0.3%). Calculated
↓
Cash fell

Bank deposits 68.8k NOK → 18.7k NOK (-72.8% YoY). Calculated

·
COGS fell

COGS / varekostnad 117.46m NOK → 106.68m NOK (-9.2% YoY). Calculated
·
Headcount (årsverk) changed

Reported FTEs 5 → 4. Reported fact