AIR TRADE SUPPORT AS: årsregnskap 2023 vs 2022
Shrank 36% on revenue, weaker earnings
approved 2024-04-18; registry 2024-07-20; journal 2024 651077
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for AIR TRADE SUPPORT AS. Revenue 1.04bn NOK → 665.31m NOK (-36.1%). Net result +25.47m NOK → +17.95m NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIR TRADE SUPPORT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 39.20m NOK → 39.47m NOK (+0.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.02× → 1.26×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.04bn NOK to 665.31m NOK (-36.1% YoY). Calculated
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↓
Operating result weakened
Operating result +35.36m NOK → +26.28m NOK (op. margin 3.4% → 3.9%). Calculated
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↓
Net result weakened
Net result +25.47m NOK → +17.95m NOK (net margin 2.4% → 2.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 17.69m NOK → 20.24m NOK (2% → 3% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 4.70m NOK → 3.37m NOK. Reported fact