AIR TRAFFIC OFFSHORE AS: årsregnskap 2010 vs 2009
Shrank 77% on revenue, weaker earnings, cash halved-plus
approved 2011-06-30; registry 2011-07-14; journal 2011 508621
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AIR TRAFFIC OFFSHORE AS. Revenue 1.08m NOK → 243.2k NOK (-77.4%). Net result -212.4k NOK → -609.9k NOK. Equity 7.47m NOK → 6.86m NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
1.08m NOK
243.2k NOK
-77.4%
Operating result
n/m
-737.0k NOK
—
Net result
-212.4k NOK
-609.9k NOK
-187.1%
Equity
7.47m NOK
6.86m NOK
-8.2%
Cash
865.6k NOK
1 554 NOK
-99.8%
Total assets
11.11m NOK
8.76m NOK
-21.1%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.08m NOK to 243.2k NOK (-77.4% YoY). Calculated
-
↓
Net result weakened
Net result -212.4k NOK → -609.9k NOK (net margin -19.7% → -250.8%). Calculated
-
↓
Equity eroded
Book equity 7.47m NOK → 6.86m NOK (equity ratio 67.3% → 78.3%). Calculated
-
↓
Cash fell
Bank deposits 865.6k NOK → 1 554 NOK (-99.8% YoY). Calculated