Org.nr 965 920 358 2004 → 2005 Year-over-year analysis

NORWEGIAN AIR SHUTTLE ASA: årsregnskap 2005 vs 2004

Shrank 100% on revenue

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for NORWEGIAN AIR SHUTTLE ASA. Revenue 1.21bn NOK → 4.97m NOK (-99.6%). Equity 158.27bn NOK → 170.43m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for NORWEGIAN AIR SHUTTLE ASA.

At a glance

Revenue

1.21bn NOK 4.97m NOK

-99.6%

Equity

158.27bn NOK 170.43m NOK

-99.9%

Total assets

455.91m NOK 674.18m NOK

+47.9%

↑
Payroll decreased

Salary cost 13.23bn NOK → 15 NOK (1093% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.21bn NOK to 4.97m NOK (-99.6% YoY). Calculated
↓
Equity eroded

Book equity 158.27bn NOK → 170.43m NOK (equity ratio 34716.4% → 25.3%). Calculated

·
Paid-in equity reduced

Paid-in equity fell 274.26m NOK → 159.33m NOK — check capital reduction, conversion, or reclassification. Interpretation