AIR TRAFFIC OFFSHORE AS: årsregnskap 2001 vs 2000
Grew 545% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for AIR TRAFFIC OFFSHORE AS. Revenue 60.0k NOK → 387.1k NOK (+545.2%). Net result +26.1k NOK → +1 918 NOK. Equity 387.1k NOK → 385.1k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIR TRAFFIC OFFSHORE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 60.0k NOK to 387.1k NOK (+545.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.37× → 2.14×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +48.0k NOK → +39.2k NOK (op. margin 80.1% → 10.1%). Calculated
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↓
Net result weakened
Net result +26.1k NOK → +1 918 NOK (net margin 43.4% → 0.5%). Calculated
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↓
Equity eroded
Book equity 387.1k NOK → 385.1k NOK (equity ratio 39.1% → 2.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation