ADS AIRPORT SERVICES AS: årsregnskap 2008 vs 2007
Shrank 58% on revenue, cash halved-plus
approved 2009-06-30; registry 2009-09-08
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADS AIRPORT SERVICES AS. Revenue 1.84m NOK → 772.0k NOK (-58.0%). Equity 27.83m NOK → 56.80m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADS AIRPORT SERVICES AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 27.83m NOK → 56.80m NOK (equity ratio 38.5% → 57.7%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.01× → 1.35×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.84m NOK to 772.0k NOK (-58.0% YoY). Calculated
-
↓
Operating result weakened
Operating result -2.75m NOK → -2.86m NOK (op. margin -149.9% → -370.6%). Calculated
-
↓
Cash fell
Bank deposits 410.0k NOK → 410 NOK (-99.9% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 923.54m NOK → 1.29m NOK (-99.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 14.69m NOK → 11 NOK. Reported fact