Org.nr 979 918 984 2013 → 2014 Year-over-year analysis

AIRSWIFT NORGE AS: årsregnskap 2014 vs 2013

Shrank 28% on revenue

approved 2015-03-24; registry 2015-07-21; journal 2015 616135

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for AIRSWIFT NORGE AS. Revenue 669.95m NOK → 479.83m NOK (-28.4%). Equity 98.01m NOK → 103.33m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIRSWIFT NORGE AS.

At a glance

Revenue

669.95m NOK 479.83m NOK

-28.4%

Operating result

+43.50m NOK +21.58m NOK

-50.4%

Net result

n/m +43.41m NOK

—

Equity

98.01m NOK 103.33m NOK

+5.4%

Cash

n/m 26.23m NOK

—

Total assets

262.62m NOK 216.60m NOK

-17.5%

↑
Equity strengthened

Book equity 98.01m NOK → 103.33m NOK (equity ratio 37.3% → 47.7%). Calculated

↓
Revenue fell

Operating income / revenue moved from 669.95m NOK to 479.83m NOK (-28.4% YoY). Calculated
↓
Operating result weakened

Operating result +43.50m NOK → +21.58m NOK (op. margin 6.5% → 4.5%). Calculated
↓
Payroll up without matching revenue

Salary cost 592.72m NOK → 3.43bn NOK (88% → 715% of revenue). Calculated

·
Book investments changed

Investment / intangible book value 24.68m NOK → 67.54m NOK. Reported fact