FirmaIQ
Org.nr 986 386 092 2014 → 2015 Year-over-year analysis

AIRCONTACT GROUP AS: årsregnskap 2015 vs 2014

Shrank 100% on revenue, weaker earnings

approved 2016-06-17; registry 2016-07-09; journal 2016 646736

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for AIRCONTACT GROUP AS. Revenue 18.42bn NOK → 11.31m NOK (-99.9%). Net result +28.63m NOK → +13.20m NOK. Equity 180.52m NOK → 12 NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AIRCONTACT GROUP AS.

At a glance

Scorecard

Revenue
18.42bn NOK 11.31m NOK
-99.9%
Operating result
-3.79m NOK -9.88m NOK
-160.8%
Net result
+28.63m NOK +13.20m NOK
-53.9%
Equity
180.52m NOK 12 NOK
-100.0%
Cash
52.51m NOK 122.09m NOK
+132.5%
Total assets
264.97m NOK 271.48m NOK
+2.5%

What improved

  • ↑

    Cash rose

    Bank deposits 52.51m NOK → 122.09m NOK (+132.5% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 18.42bn NOK to 11.31m NOK (-99.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -3.79m NOK → -9.88m NOK (op. margin -0.0% → -87.4%). Calculated

  • ↓

    Net result weakened

    Net result +28.63m NOK → +13.20m NOK (net margin 0.2% → 116.7%). Calculated

  • ↓

    Equity eroded

    Book equity 180.52m NOK → 12 NOK (equity ratio 68.1% → 0.0%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 4.23bn NOK → 4.23bn NOK (23% → 37437% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 8 799 NOK → 8.71m NOK. Reported fact