Org.nr 977 298 865 2004 → 2005 Year-over-year analysis

AIR TRADE SUPPORT AS: årsregnskap 2005 vs 2004

Shrank 28% on revenue

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for AIR TRADE SUPPORT AS. Revenue 5.88m NOK → 4.24m NOK (-27.9%). Equity 273.6k NOK → 105.0k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIR TRADE SUPPORT AS.

At a glance

Revenue

5.88m NOK 4.24m NOK

-27.9%

Operating result

+1.68m NOK -160.0k NOK

-109.5%

Equity

273.6k NOK 105.0k NOK

-61.6%

Total assets

2.71m NOK 1.79m NOK

-33.8%

↑
Payroll decreased

Salary cost 972.8k NOK → 885.8k NOK (17% → 21% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.88m NOK to 4.24m NOK (-27.9% YoY). Calculated
↓
Operating result weakened

Operating result +1.68m NOK → -160.0k NOK (op. margin 28.5% → -3.8%). Calculated
↓
Equity eroded

Book equity 273.6k NOK → 105.0k NOK (equity ratio 10.1% → 5.9%). Calculated
↓
COGS moved

COGS / varekostnad 2.43m NOK → 3.10m NOK (+27.9% YoY). Calculated

·
Thin equity buffer

Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation