AIRTRANS AS: årsregnskap 2014 vs 2013
Grew 266% on revenue, stronger earnings
approved 2015-10-21; registry 2015-10-24; journal 2015 946746
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for AIRTRANS AS. Revenue 45.7k NOK → 167.4k NOK (+266.0%). Net result -42.9k NOK → -28.4k NOK. Equity -390.3k NOK → -418.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. 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 45.7k NOK to 167.4k NOK (+266.0% YoY). Calculated
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↑
Operating result improved
Operating result -42.9k NOK → -27.0k NOK (op. margin -93.9% → -16.2%). Calculated
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Net result improved
Net result -42.9k NOK → -28.4k NOK (net margin -93.8% → -16.9%). Calculated
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↑
Cash rose
Bank deposits 679 NOK → 15.8k NOK (+2224.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -390.3k NOK → -418.7k NOK (equity ratio -706.6% → -813.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -813.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 53.1k NOK → 67.8k NOK (116% → 41% of revenue). Calculated
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COGS moved
COGS / varekostnad 35.5k NOK → 126.6k NOK (+256.2% YoY). Calculated