AERIS AS: årsregnskap 2008 vs 2007
Grew 14% on revenue, weaker earnings
approved 2009-05-25; registry 2009-05-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AERIS AS. Revenue 7.79m NOK → 8.89m NOK (+14.0%). Net result +614.1k NOK → +128.0k NOK. Equity 979.6k NOK → 107.6k NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AERIS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 7.79m NOK to 8.89m NOK (+14.0% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.74× → 2.35×. Calculated
-
↑
Payroll decreased
Salary cost 3.97m NOK → 3.91m NOK (51% → 44% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +854.9k NOK → +245.5k NOK (op. margin 11.0% → 2.8%). Calculated
-
↓
Net result weakened
Net result +614.1k NOK → +128.0k NOK (net margin 7.9% → 1.4%). Calculated
-
↓
Equity eroded
Book equity 979.6k NOK → 107.6k NOK (equity ratio 1662.4% → 5.8%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 5.45m NOK → 6.86m NOK (+25.9% YoY). Calculated