AIR TRADE SUPPORT AS: årsregnskap 2003 vs 2002
Grew 6777% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AIR TRADE SUPPORT AS. Revenue 164.6k NOK → 11.32m NOK (+6776.6%). Equity 47.8k NOK → 516.0k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR TRADE SUPPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 164.6k NOK to 11.32m NOK (+6776.6% YoY). Calculated
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Operating result improved
Operating result +138.5k NOK → +145.0k NOK (op. margin 84.1% → 1.3%). Calculated
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Equity strengthened
Book equity 47.8k NOK → 516.0k NOK (equity ratio 49.7% → 25.6%). Calculated
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Current ratio back above 1×
Current ratio 0.52× → 1.34×. Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 150.0k NOK (+100.0k NOK). Reported fact
Things to notice
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Payroll increased
Salary cost 179.2k NOK → 542.0k NOK (109% → 5% of revenue). Calculated
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COGS moved
COGS / varekostnad 67.6k NOK → 9.34m NOK (+13721.7% YoY). Calculated