AIRCRAFT SOLUTIONS AS: årsregnskap 2015 vs 2014
Stronger earnings, cash halved-plus
approved 2016-06-30; registry 2016-07-13; journal 2016 677444
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AIRCRAFT SOLUTIONS AS. Revenue 1.07m NOK → 1.07m NOK (-0.0%). Net result +208.9k NOK → +289.7k NOK. Equity 2.80m NOK → 2.51m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AIRCRAFT SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +208.9k NOK → +289.7k NOK (net margin 19.6% → 27.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.07m NOK to 1.07m NOK (-0.0% YoY). Calculated
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↓
Equity eroded
Book equity 2.80m NOK → 2.51m NOK (equity ratio 65.8% → 57.4%). Calculated
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↓
Cash fell
Bank deposits 283.4k NOK → 49.0k NOK (-82.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.80× → 0.36× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 1 859 NOK → 796.2k NOK (0% → 75% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 2.80m NOK → 2.51m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 694.8k NOK → 367.5k NOK. Reported fact