AIRTRANS AS: årsregnskap 2013 vs 2012
Shrank 56% on revenue, cash halved-plus
approved 2014-10-16; registry 2014-10-20; journal 2014 867000
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AIRTRANS AS. Revenue 103.7k NOK → 45.7k NOK (-55.9%). Net result -53.4k NOK → -42.9k NOK. Equity -347.4k NOK → -390.3k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIRTRANS AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -53.4k NOK → -42.9k NOK (op. margin -51.5% → -93.9%). Calculated
-
↑
Net result improved
Net result -53.4k NOK → -42.9k NOK (net margin -51.5% → -93.8%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 103.7k NOK to 45.7k NOK (-55.9% YoY). Calculated
-
↓
Equity eroded
Book equity -347.4k NOK → -390.3k NOK (equity ratio -386.2% → -706.6%). Calculated
-
↓
Cash fell
Bank deposits 7 005 NOK → 679 NOK (-90.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -706.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 76.3k NOK → 35.5k NOK (-53.4% YoY). Calculated