AIR TRAFFIC OFFSHORE AS: årsregnskap 2009 vs 2008
Shrank 35% on revenue, weaker earnings
approved 2010-05-24; registry 2010-08-26; journal 2010 649113
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AIR TRAFFIC OFFSHORE AS. Revenue 1.66m NOK → 1.08m NOK (-34.9%). Net result -95.2k NOK → -212.4k NOK. Equity 7.69m NOK → 7.47m NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIR TRAFFIC OFFSHORE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.66m NOK to 1.08m NOK (-34.9% YoY). Calculated
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↓
Net result weakened
Net result -95.2k NOK → -212.4k NOK (net margin -5.8% → -19.7%). Calculated
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↓
Equity eroded
Book equity 7.69m NOK → 7.47m NOK (equity ratio 62.3% → 67.3%). Calculated
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↓
Cash fell
Bank deposits 932.2k NOK → 865.6k NOK (-7.1% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 2 008 NOK → 57.1k NOK (+2741.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 1.35m NOK. Reported fact