AERO LOGICS AS: årsregnskap 2009 vs 2008
Shrank 78% on revenue, stronger earnings, cash halved-plus
approved 2010-07-30; registry 2010-08-30; journal 2010 659117
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AERO LOGICS AS. Revenue 321.3k NOK → 69.7k NOK (-78.3%). Net result -112.5k NOK → -5 261 NOK. Equity -56.0k NOK → -61.2k NOK.
On the constructive side: net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AERO LOGICS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -112.5k NOK → -5 261 NOK (net margin -35.0% → -7.5%). Calculated
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Current ratio back above 1×
Current ratio 0.75× → 2.23×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 321.3k NOK to 69.7k NOK (-78.3% YoY). Calculated
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↓
Equity eroded
Book equity -56.0k NOK → -61.2k NOK (equity ratio -15.2% → -20.1%). Calculated
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↓
Cash fell
Bank deposits 24.9k NOK → 2 557 NOK (-89.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -20.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 277.3k NOK → 246.3k NOK. Reported fact