AINA AS: årsregnskap 2008 vs 2007
Grew 229% on revenue, stronger earnings
approved 2009-04-16; registry 2009-04-20
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AINA AS. Revenue 1.12m NOK → 3.70m NOK (+229.1%). Net result +95.1k NOK → +273.0k NOK. Equity 225.1k NOK → 498.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AINA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.12m NOK to 3.70m NOK (+229.1% YoY). Calculated
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↑
Operating result improved
Operating result +133.0k NOK → +391.8k NOK (op. margin 11.8% → 10.6%). Calculated
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↑
Net result improved
Net result +95.1k NOK → +273.0k NOK (net margin 8.5% → 7.4%). Calculated
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↑
Equity strengthened
Book equity 225.1k NOK → 498.0k NOK (equity ratio 34.6% → 454.3%). Calculated
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↑
Cash rose
Bank deposits 319.3k NOK → 477.4k NOK (+49.5% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.25× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 188 NOK → 558.6k NOK (0% → 15% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 677.4k NOK → 389.6k NOK (-42.5% YoY). Calculated