AIRSWIFT NORGE AS: årsregnskap 2004 vs 2003
Shrank 21% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AIRSWIFT NORGE AS. Revenue 3.99m NOK → 3.14m NOK (-21.3%). Equity 138.6k NOK → 150.0k NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AIRSWIFT NORGE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -36.1k NOK → +231.9k NOK (op. margin -0.9% → 7.4%). Calculated
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↑
Equity strengthened
Book equity 138.6k NOK → 150.0k NOK (equity ratio 20.2% → 15.6%). Calculated
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↑
Payroll decreased
Salary cost 3.55m NOK → 31.9k NOK (89% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.99m NOK to 3.14m NOK (-21.3% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 150.0k NOK → 150 NOK — check capital reduction, conversion, or reclassification. Interpretation