AIR TICKET AS: årsregnskap 2004 vs 2003
Grew 721% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AIR TICKET AS. Revenue 5.56m NOK → 45.62m NOK (+720.5%). Equity 387.5k NOK → 576.8k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR TICKET AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.56m NOK to 45.62m NOK (+720.5% YoY). Calculated
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Operating result improved
Operating result +374.8k NOK → +476.3k NOK (op. margin 6.7% → 1.0%). Calculated
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Equity strengthened
Book equity 387.5k NOK → 576.8k NOK (equity ratio 15.6% → 20.6%). Calculated
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Current ratio back above 1×
Current ratio 0.88× → 1.16×. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 105.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 51.7k NOK → 1.56m NOK (1% → 3% of revenue). Calculated
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COGS moved
COGS / varekostnad 4.97m NOK → 43.72m NOK (+779.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 628.5k NOK → 13.6k NOK. Reported fact