AIRTRANS HOLDING AS: årsregnskap 2015 vs 2014
Shrank 100% on revenue, returned to profit
approved 2016-06-20; registry 2016-06-30; journal 2016 605720
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AIRTRANS HOLDING AS. Revenue 2 014 NOK → 0 NOK (-100.0%). Net result -139.1k NOK → +19.1k NOK. Equity -164.9k NOK → -184.0k NOK.
On the constructive side: turned profitable; payroll decreased. Pressures included: revenue fell; 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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Turned profitable
Net result flipped from a loss of 139.1k NOK to a profit of 19.1k NOK. Calculated
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Payroll decreased
Salary cost 2.14m NOK → 19.1k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2 014 NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity -164.9k NOK → -184.0k NOK (equity ratio -105.0% → -125.2%). Calculated
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↓
Cash fell
Bank deposits 5 091 NOK → 3 558 NOK (-30.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -125.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation