AIRBROKER AS: årsregnskap 2003 vs 2002
Shrank 17% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AIRBROKER AS. Revenue 25.21m NOK → 21.02m NOK (-16.6%). Equity -253.4k NOK → -179.4k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRBROKER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -414.9k NOK → +206.8k NOK (op. margin -1.6% → 1.0%). Calculated
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↑
Equity strengthened
Book equity -253.4k NOK → -179.4k NOK (equity ratio -25.4% → -19.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 25.21m NOK to 21.02m NOK (-16.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 5.85m NOK (0% → 28% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 23.60m NOK → 19.07m NOK (-19.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 683.3k NOK → 556.8k NOK. Reported fact