AIRCONTACT GROUP AS: årsregnskap 2013 vs 2012
Grew 1814% on revenue, weaker earnings
approved 2014-06-12; registry 2014-08-13; journal 2014 649833
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AIRCONTACT GROUP AS. Revenue 25.51m NOK → 488.23m NOK (+1813.5%). Net result +40.47m NOK → +30.52m NOK. Equity 12 NOK → 12 NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRCONTACT GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 25.51m NOK to 488.23m NOK (+1813.5% YoY). Calculated
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↑
Cash rose
Bank deposits 20.62m NOK → 26.78m NOK (+29.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.79× → 1.08×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -5.08m NOK → -9.93m NOK (op. margin -19.9% → -2.0%). Calculated
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↓
Net result weakened
Net result +40.47m NOK → +30.52m NOK (net margin 158.6% → 6.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 4.26bn NOK → 4.27bn NOK (16692% → 875% of revenue). Calculated
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COGS moved
COGS / varekostnad 46.20m NOK → 52.14m NOK (+12.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 6.76m NOK → 8.80m NOK. Reported fact