AIR TRAFFIC OFFSHORE AS: årsregnskap 2004 vs 2003
Grew 212% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AIR TRAFFIC OFFSHORE AS. Revenue 738.1k NOK → 2.30m NOK (+211.8%). Net result +16.5k NOK → -1.46m NOK. Equity 4.41m NOK → 4.51m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; fell into a net loss.
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
-
↑
Revenue rose
Operating income / revenue moved from 738.1k NOK to 2.30m NOK (+211.8% YoY). Calculated
-
↑
Equity strengthened
Book equity 4.41m NOK → 4.51m NOK (equity ratio 20.4% → 14.1%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 2.69m NOK → 4.25m NOK (+1.56m NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result +534.0k NOK → -437.3k NOK (op. margin 72.4% → -19.0%). Calculated
-
↓
Fell into a net loss
Net result flipped from 16.5k NOK profit to a loss of 1.46m NOK. Calculated
Things to notice
-
·
Payroll increased
Salary cost 5 004 NOK → 174.2k NOK (1% → 8% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 55.0k NOK → 519.7k NOK (+845.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 1.73m NOK → 8.75m NOK. Reported fact