AIRTRANS HOLDING AS: årsregnskap 2013 vs 2012
Stronger earnings, cash halved-plus
approved 2014-09-30; registry 2014-10-02; journal 2014 860919
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AIRTRANS HOLDING AS. Net result -180.9k NOK → -20.9k NOK. Equity -4 871 NOK → -25.8k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRTRANS HOLDING AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -180.9k NOK → -20.9k NOK. Calculated
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↑
Payroll decreased
Salary cost 5.18m NOK → 5 NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -4 871 NOK → -25.8k NOK (equity ratio -2.7% → -17.4%). Calculated
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↓
Cash fell
Bank deposits 2 159 NOK → 899 NOK (-58.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -17.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation