AEROMOBILE AS: årsregnskap 2009 vs 2008
Shrank 33% on revenue
approved 2010-08-31; registry 2010-09-07; journal 2010 721036
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AEROMOBILE AS. Revenue 35.45m NOK → 23.66m NOK (-33.3%). Equity 4.77m NOK → 2.53m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AEROMOBILE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 4.20m NOK → 32.44m NOK (+673.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 35.45m NOK to 23.66m NOK (-33.3% YoY). Calculated
-
↓
Equity eroded
Book equity 4.77m NOK → 2.53m NOK (equity ratio 30.7% → 6.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.31× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 5.25m NOK → 6.46m NOK (15% → 27% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 24.01m NOK → 10.78m NOK (-55.1% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 286.0k NOK → 37.0k NOK. Reported fact