AIRTRANS AS: årsregnskap 2011 vs 2010
Grew 12% on revenue
approved 2012-11-13; registry 2012-11-15; journal 2012 813033
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AIRTRANS AS. Revenue 456.9k NOK → 511.1k NOK (+11.9%). Equity -140.8k NOK → -294.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AIRTRANS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 456.9k NOK to 511.1k NOK (+11.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -48.0k NOK → -152.9k NOK (op. margin -10.5% → -29.9%). Calculated
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↓
Equity eroded
Book equity -140.8k NOK → -294.0k NOK (equity ratio -271.1% → -456.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -456.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 127.0k NOK → 120.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 7 NOK → 83.1k NOK (0% → 16% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 448.1k NOK → 521.6k NOK (+16.4% YoY). Calculated