Org.nr 937 775 741 2009 → 2010 Year-over-year analysis

AERON AS: årsregnskap 2010 vs 2009

Shrank 15% on revenue, cash halved-plus

approved 2011-03-07; registry 2011-05-16; journal 2011 364500

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for AERON AS. Revenue 282.44m NOK → 238.99m NOK (-15.4%). Equity 47.97m NOK → 41.07m NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AERON AS.

At a glance

Revenue

282.44m NOK 238.99m NOK

-15.4%

Equity

47.97m NOK 41.07m NOK

-14.4%

Cash

47.93m NOK 12.05m NOK

-74.9%

Total assets

109.86m NOK 105.75m NOK

-3.7%

↑
Owners injected capital

Paid-in equity rose 5.12m NOK → 5.44m NOK (+321.6k NOK). Reported fact

↓
Revenue fell

Operating income / revenue moved from 282.44m NOK to 238.99m NOK (-15.4% YoY). Calculated
↓
Equity eroded

Book equity 47.97m NOK → 41.07m NOK (equity ratio 43.7% → 38.8%). Calculated
↓
Cash fell

Bank deposits 47.93m NOK → 12.05m NOK (-74.9% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (47.93m NOK → 12.05m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
COGS fell

COGS / varekostnad 244.41m NOK → 179.18m NOK (-26.7% YoY). Calculated