AIRLIFT SERVICES AS: årsregnskap 2014 vs 2013
Shrank 20% on revenue, slipped into loss, cash halved-plus
approved 2015-06-05; registry 2015-08-26; journal 2015 748720
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AIRLIFT SERVICES AS. Revenue 62.50m NOK → 49.85m NOK (-20.2%). Net result +2 013 NOK → -28.9k NOK. Equity 1.07m NOK → 1.04m NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; fell into a net loss; equity eroded.
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
What improved
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↑
Current ratio back above 1×
Current ratio 0.90× → 1.36×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 62.50m NOK to 49.85m NOK (-20.2% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 2 013 NOK profit to a loss of 28.9k NOK. Calculated
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↓
Equity eroded
Book equity 1.07m NOK → 1.04m NOK (equity ratio 10.0% → 11.0%). Calculated
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↓
Cash fell
Bank deposits 3.47m NOK → 1.26m NOK (-63.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.47m NOK → 1.26m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 921.5k NOK → 1 921 NOK. Reported fact