AIR TRAFFIC OFFSHORE AS: årsregnskap 2019 vs 2018
Grew 27% on revenue, weaker earnings
approved 2020-08-31; registry 2020-09-26; journal 2020 859307
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIR TRAFFIC OFFSHORE AS. Revenue 412.4k NOK → 521.9k NOK (+26.6%). Net result -597.4k NOK → -761.0k NOK. Equity 8.46m NOK → 8.39m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; cogs moved. 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 412.4k NOK to 521.9k NOK (+26.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -741.6k NOK → -879.3k NOK (op. margin -179.9% → -168.5%). Calculated
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↓
Net result weakened
Net result -597.4k NOK → -761.0k NOK (net margin -144.9% → -145.8%). Calculated
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↓
Equity eroded
Book equity 8.46m NOK → 8.39m NOK (equity ratio 66.0% → 65.6%). Calculated
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↓
Cash fell
Bank deposits 275.1k NOK → 193.8k NOK (-29.6% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 8.46m NOK → 8.39m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 1 274 NOK → 37.4k NOK (+2835.6% YoY). Calculated