FirmaIQ
Org.nr 990 800 464 2012 → 2013 Year-over-year analysis

AIRLIFT SERVICES AS: årsregnskap 2013 vs 2012

Cash halved-plus

approved 2014-05-22; registry 2014-09-02; journal 2014 753183

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for AIRLIFT SERVICES AS. Revenue 59.67m NOK → 62.50m NOK (+4.7%). Net result +2 012 NOK → +2 013 NOK. Equity 3.10m NOK → 1.07m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AIRLIFT SERVICES AS.

At a glance

Scorecard

Revenue
59.67m NOK 62.50m NOK
+4.7%
Net result
+2 012 NOK +2 013 NOK
+0.0%
Equity
3.10m NOK 1.07m NOK
-65.4%
Cash
10.32m NOK 3.47m NOK
-66.4%
Total assets
11.49m NOK 10.70m NOK
-6.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 59.67m NOK to 62.50m NOK (+4.7% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 3.10m NOK → 1.07m NOK (equity ratio 27.0% → 10.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 10.32m NOK → 3.47m NOK (-66.4% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.05× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (10.32m NOK → 3.47m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 426.5k NOK → 921.5k NOK. Reported fact