AIRTRANS AS: årsregnskap 2015 vs 2014
Shrank 52% on revenue, returned to profit
approved 2016-06-20; registry 2016-06-30; journal 2016 605712
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AIRTRANS AS. Revenue 167.4k NOK → 80.8k NOK (-51.7%). Net result -28.4k NOK → +144.7k NOK. Equity -418.7k NOK → -563.4k NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; operating result weakened; equity eroded.
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
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↑
Turned profitable
Net result flipped from a loss of 28.4k NOK to a profit of 144.7k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 167.4k NOK to 80.8k NOK (-51.7% YoY). Calculated
-
↓
Operating result weakened
Operating result -27.0k NOK → -144.7k NOK (op. margin -16.2% → -179.2%). Calculated
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↓
Equity eroded
Book equity -418.7k NOK → -563.4k NOK (equity ratio -813.4% → -1075.1%). Calculated
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↓
Cash fell
Bank deposits 15.8k NOK → 12.9k NOK (-18.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 67.8k NOK → 1.12m NOK (41% → 1393% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1075.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 126.6k NOK → 100.6k NOK (-20.5% YoY). Calculated