AIRSWIFT NORGE AS: årsregnskap 2003 vs 2002
Shrank 47% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AIRSWIFT NORGE AS. Revenue 7.56m NOK → 3.99m NOK (-47.2%). Equity 173.0k NOK → 138.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
7.56m NOK
3.99m NOK
-47.2%
Operating result
+379.1k NOK
-36.1k NOK
-109.5%
Equity
173.0k NOK
138.6k NOK
-19.9%
Total assets
1.60m NOK
687.8k NOK
-56.9%
What improved
-
↑
Payroll decreased
Salary cost 6.64m NOK → 3.55m NOK (88% → 89% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 7.56m NOK to 3.99m NOK (-47.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +379.1k NOK → -36.1k NOK (op. margin 5.0% → -0.9%). Calculated
-
↓
Equity eroded
Book equity 173.0k NOK → 138.6k NOK (equity ratio 10.8% → 20.2%). Calculated