FirmaIQ
Org.nr 937 715 080 2020 → 2021 Year-over-year analysis

AIR TRAFFIC OFFSHORE AS: årsregnskap 2021 vs 2020

Grew 19% on revenue, returned to profit

approved 2022-05-12; registry 2022-06-02; journal 2022 398555

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AIR TRAFFIC OFFSHORE AS. Revenue 286.6k NOK → 342.2k NOK (+19.4%). Net result -730.3k NOK → +464.5k NOK. Equity 8.84m NOK → 11.31m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for AIR TRAFFIC OFFSHORE AS.

At a glance

Scorecard

Revenue
286.6k NOK 342.2k NOK
+19.4%
Operating result
-822.5k NOK +208.7k NOK
+125.4%
Net result
-730.3k NOK +464.5k NOK
+163.6%
Equity
8.84m NOK 11.31m NOK
+27.9%
Cash
44.4k NOK 4.08m NOK
+9107.5%
Total assets
13.69m NOK 16.49m NOK
+20.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 286.6k NOK to 342.2k NOK (+19.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -822.5k NOK → +208.7k NOK (op. margin -287.0% → 61.0%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 730.3k NOK to a profit of 464.5k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 8.84m NOK → 11.31m NOK (equity ratio 64.6% → 68.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 44.4k NOK → 4.08m NOK (+9107.5% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 37.4k NOK → 139.6k NOK (+273.3% YoY). Calculated