AIR TRAFFIC AS: årsregnskap 2014 vs 2013
Grew 54% on revenue, returned to profit
approved 2015-05-25; registry 2015-06-13; journal 2015 455136
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AIR TRAFFIC AS. Revenue 64.0k NOK → 98.4k NOK (+53.7%). Net result -88.7k NOK → +41.4k NOK. Equity -55.8k NOK → -14.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIR TRAFFIC AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 64.0k NOK to 98.4k NOK (+53.7% YoY). Calculated
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Operating result improved
Operating result -82.1k NOK → +34.8k NOK (op. margin -128.2% → 35.4%). Calculated
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Turned profitable
Net result flipped from a loss of 88.7k NOK to a profit of 41.4k NOK. Calculated
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Equity strengthened
Book equity -55.8k NOK → -14.4k NOK (equity ratio 53.1% → -34.2%). Calculated
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Cash rose
Bank deposits 594 NOK → 41.6k NOK (+6899.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 956.9k NOK → 41.8k NOK (-95.6% YoY). Calculated