Org.nr 937 715 080 2004 → 2005 Year-over-year analysis

AIR TRAFFIC OFFSHORE AS: årsregnskap 2005 vs 2004

Shrank 59% on revenue

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for AIR TRAFFIC OFFSHORE AS. Revenue 2.30m NOK → 932.1k NOK (-59.5%). Equity 4.51m NOK → 4.38m NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIR TRAFFIC OFFSHORE AS.

At a glance

Revenue

2.30m NOK 932.1k NOK

-59.5%

Operating result

-437.3k NOK -1.33m NOK

-204.6%

Net result

-1.46m NOK n/m

—

Equity

4.51m NOK 4.38m NOK

-2.8%

Total assets

31.93m NOK 29.89m NOK

-6.4%

↑
Owners injected capital

Paid-in equity rose 4.25m NOK → 4.38m NOK (+123.8k NOK). Reported fact

↓
Revenue fell

Operating income / revenue moved from 2.30m NOK to 932.1k NOK (-59.5% YoY). Calculated
↓
Operating result weakened

Operating result -437.3k NOK → -1.33m NOK (op. margin -19.0% → -142.9%). Calculated
↓
Equity eroded

Book equity 4.51m NOK → 4.38m NOK (equity ratio 14.1% → 14.6%). Calculated
↓
Payroll up without matching revenue

Salary cost 174.2k NOK → 258.5k NOK (8% → 28% of revenue). Calculated

·
COGS fell

COGS / varekostnad 519.7k NOK → 312.9k NOK (-39.8% YoY). Calculated
·
Book investments changed

Investment / intangible book value 8.75m NOK → 752.0k NOK. Reported fact