Org.nr 977 298 865 2012 → 2013 Year-over-year analysis

AIR TRADE SUPPORT AS: årsregnskap 2013 vs 2012

Shrank 14% on revenue, cash halved-plus

approved 2014-06-26; registry 2014-08-30; journal 2014 733862

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for AIR TRADE SUPPORT AS. Revenue 32.63m NOK → 28.03m NOK (-14.1%). Equity 709.5k NOK → 352.6k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for AIR TRADE SUPPORT AS.

At a glance

Revenue

32.63m NOK 28.03m NOK

-14.1%

Net result

n/m -56.8k NOK

—

Equity

709.5k NOK 352.6k NOK

-50.3%

Cash

2.81m NOK 782.2k NOK

-72.1%

Total assets

6.43m NOK 6.13m NOK

-4.8%

↑
Payroll decreased

Salary cost 2.62m NOK → 2.48m NOK (8% → 9% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 32.63m NOK to 28.03m NOK (-14.1% YoY). Calculated
↓
Equity eroded

Book equity 709.5k NOK → 352.6k NOK (equity ratio 11.0% → 5.8%). Calculated
↓
Cash fell

Bank deposits 2.81m NOK → 782.2k NOK (-72.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Sharp cash drawdown

Cash fell by more than 60% YoY (2.81m NOK → 782.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation