AIRBROKER AS: årsregnskap 1997 vs 1996
Grew 7% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1997 with 1996 for AIRBROKER AS. Revenue 22.88m NOK → 24.47m NOK (+7.0%). Net result +244.6k NOK → +1 996 NOK. Equity 192.8k NOK → 51.9k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRBROKER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 22.88m NOK to 24.47m NOK (+7.0% YoY). Calculated
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↑
Operating result improved
Operating result +235.1k NOK → +281.2k NOK (op. margin 1.0% → 1.1%). Calculated
What deteriorated
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↓
Net result weakened
Net result +244.6k NOK → +1 996 NOK (net margin 1.1% → 0.0%). Calculated
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↓
Equity eroded
Book equity 192.8k NOK → 51.9k NOK (equity ratio 108.2% → 1.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation