AIR TRAFFIC OFFSHORE AS: årsregnskap 2003 vs 2002
Grew 26% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AIR TRAFFIC OFFSHORE AS. Revenue 585.9k NOK → 738.1k NOK (+26.0%). Net result +673.0k NOK → +16.5k NOK. Equity 2.41m NOK → 4.41m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved; 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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Revenue rose
Operating income / revenue moved from 585.9k NOK to 738.1k NOK (+26.0% YoY). Calculated
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Operating result improved
Operating result +24.5k NOK → +534.0k NOK (op. margin 4.2% → 72.4%). Calculated
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Equity strengthened
Book equity 2.41m NOK → 4.41m NOK (equity ratio 13.8% → 20.4%). Calculated
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Owners injected capital
Paid-in equity rose 708.3k NOK → 2.69m NOK (+1.98m NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result +673.0k NOK → +16.5k NOK (net margin 114.9% → 2.2%). Calculated
Things to notice
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Payroll increased
Salary cost 0 NOK → 5 004 NOK (0% → 1% of revenue). Calculated
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COGS moved
COGS / varekostnad 8 851 NOK → 55.0k NOK (+520.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 826.2k NOK → 1.73m NOK. Reported fact