Org.nr 977 298 865 2003 → 2004 Year-over-year analysis

AIR TRADE SUPPORT AS: årsregnskap 2004 vs 2003

Shrank 48% on revenue

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for AIR TRADE SUPPORT AS. Revenue 11.32m NOK → 5.88m NOK (-48.0%). Equity 516.0k NOK → 273.6k NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR TRADE SUPPORT AS.

At a glance

Revenue

11.32m NOK 5.88m NOK

-48.0%

Operating result

+145.0k NOK +1.68m NOK

+1057.3%

Equity

516.0k NOK 273.6k NOK

-47.0%

Total assets

2.02m NOK 2.71m NOK

+34.3%

↑
Operating result improved

Operating result +145.0k NOK → +1.68m NOK (op. margin 1.3% → 28.5%). Calculated

↓
Revenue fell

Operating income / revenue moved from 11.32m NOK to 5.88m NOK (-48.0% YoY). Calculated
↓
Equity eroded

Book equity 516.0k NOK → 273.6k NOK (equity ratio 25.6% → 10.1%). Calculated
↓
Payroll up without matching revenue

Salary cost 542.0k NOK → 972.8k NOK (5% → 17% of revenue). Calculated