AIR CARGO SERVICES AS: årsregnskap 2008 vs 2007
Shrank 89% on revenue
approved 2009-06-12; registry 2009-08-20
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AIR CARGO SERVICES AS. Revenue 618.0k NOK → 68.0k NOK (-89.0%). Equity 133.8k NOK → 168.8k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR CARGO SERVICES AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 133.8k NOK → 168.8k NOK (equity ratio 92.8% → 59.2%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 618.0k NOK to 68.0k NOK (-89.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 13.80× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 572.2k NOK → 6 550 NOK (-98.9% YoY). Calculated