AINA AS: årsregnskap 2009 vs 2008
Weaker earnings, cash halved-plus
approved 2010-03-18; registry 2010-03-22
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AINA AS. Revenue 3.70m NOK → 3.82m NOK (+3.1%). Net result +273.0k NOK → +134.4k NOK. Equity 498.0k NOK → 632.4k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. 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 3.70m NOK to 3.82m NOK (+3.1% YoY). Calculated
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↑
Equity strengthened
Book equity 498.0k NOK → 632.4k NOK. Calculated
-
↑
Current ratio back above 1×
Current ratio 0.19× → 2.84×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +391.8k NOK → +193.0k NOK (op. margin 10.6% → 5.1%). Calculated
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↓
Net result weakened
Net result +273.0k NOK → +134.4k NOK (net margin 7.4% → 3.5%). Calculated
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↓
Cash fell
Bank deposits 477.4k NOK → 199.8k NOK (-58.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 558.6k NOK → 607.9k NOK (15% → 16% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 389.6k NOK → 2.55m NOK (+555.3% YoY). Calculated