AIT WORLDWIDE LOGISTICS NORWAY AS: årsregnskap 2001 vs 2000
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for AIT WORLDWIDE LOGISTICS NORWAY AS. Revenue 18.09m NOK → 17.90m NOK (-1.0%). Equity 1.31m NOK → 1.24m NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIT WORLDWIDE LOGISTICS NORWAY AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 18.09m NOK to 17.90m NOK (-1.0% YoY). Calculated
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↓
Operating result weakened
Operating result +3.01m NOK → +2.91m NOK (op. margin 16.7% → 16.3%). Calculated
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↓
Equity eroded
Book equity 1.31m NOK → 1.24m NOK (equity ratio 10.1% → -10.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 7.36m NOK → 7.89m NOK (41% → 44% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -10.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation