AIRBROKER AS: årsregnskap 2012 vs 2011
Shrank 30% on revenue, fresh owner capital
approved 2013-08-28; registry 2013-09-03; journal 2013 734309
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AIRBROKER AS. Revenue 41.31m NOK → 29.01m NOK (-29.8%). Equity 171.0k NOK → 149.3k NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRBROKER AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1.04m NOK → 1.74m NOK (+67.8% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 100.0k NOK → 149.3k NOK (+49.3k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 41.31m NOK to 29.01m NOK (-29.8% YoY). Calculated
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↓
Equity eroded
Book equity 171.0k NOK → 149.3k NOK (equity ratio 10.4% → 2.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.77× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 38.55m NOK → 26.57m NOK (-31.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 16.3k NOK → 7 127 NOK. Reported fact