FirmaIQ
Org.nr 937 715 080 2019 → 2020 Year-over-year analysis

AIR TRAFFIC OFFSHORE AS: årsregnskap 2020 vs 2019

Shrank 45% on revenue, cash halved-plus

approved 2021-06-30; registry 2021-08-26; journal 2021 680371

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AIR TRAFFIC OFFSHORE AS. Revenue 521.9k NOK → 286.6k NOK (-45.1%). Net result -761.0k NOK → -730.3k NOK. Equity 8.39m NOK → 8.84m NOK.

On the constructive side: operating result improved; equity strengthened; owners injected capital. Pressures included: revenue fell; cash fell.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
521.9k NOK 286.6k NOK
-45.1%
Operating result
-879.3k NOK -822.5k NOK
+6.5%
Net result
-761.0k NOK -730.3k NOK
+4.0%
Equity
8.39m NOK 8.84m NOK
+5.4%
Cash
193.8k NOK 44.4k NOK
-77.1%
Total assets
12.79m NOK 13.69m NOK
+7.0%

What improved

  • ↑

    Operating result improved

    Operating result -879.3k NOK → -822.5k NOK (op. margin -168.5% → -287.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 8.39m NOK → 8.84m NOK (equity ratio 65.6% → 64.6%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 8.39m NOK → 8.84m NOK (+456.4k NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 521.9k NOK to 286.6k NOK (-45.1% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 193.8k NOK → 44.4k NOK (-77.1% YoY). Calculated