AIR TRAFFIC OFFSHORE AS: årsregnskap 1999 vs 1998
Shrank 100% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for AIR TRAFFIC OFFSHORE AS. Revenue 4.21m NOK → 6 002 NOK (-99.9%). Net result +162.6k NOK → +9 113 NOK. Equity 1.64m NOK → 361.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AIR TRAFFIC OFFSHORE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 22.3k NOK → 0 NOK (1% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.21m NOK to 6 002 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +883.3k NOK → +9 508 NOK (op. margin 21.0% → 158.4%). Calculated
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↓
Net result weakened
Net result +162.6k NOK → +9 113 NOK (net margin 3.9% → 151.8%). Calculated
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↓
Equity eroded
Book equity 1.64m NOK → 361.0k NOK (equity ratio 56.4% → 90.0%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 370.1k NOK → 361.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 13.0k NOK → 185.7k NOK. Reported fact