Org.nr 917 997 500 2008 → 2009 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2009 vs 2008

Grew 513% on revenue, slipped into loss

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AIR PRODUCTS AS. Revenue 396.53m NOK → 2.43bn NOK (+512.7%). Net result +36.51m NOK → -50.68m NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: fell into a net loss.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR PRODUCTS AS.

At a glance

Revenue

396.53m NOK 2.43bn NOK

+512.7%

Operating result

+49.06m NOK +71.34m NOK

+45.4%

Net result

+36.51m NOK -50.68m NOK

-238.8%

Equity

n/m 184.18m NOK

—

Cash

10.22m NOK 27.18m NOK

+165.9%

Total assets

277.25m NOK 303.73m NOK

+9.6%

↑
Revenue rose

Operating income / revenue moved from 396.53m NOK to 2.43bn NOK (+512.7% YoY). Calculated
↑
Operating result improved

Operating result +49.06m NOK → +71.34m NOK (op. margin 12.4% → 2.9%). Calculated
↑
Cash rose

Bank deposits 10.22m NOK → 27.18m NOK (+165.9% YoY). Calculated

↓
Fell into a net loss

Net result flipped from 36.51m NOK profit to a loss of 50.68m NOK. Calculated

·
Payroll increased

Salary cost 54.17m NOK → 57.89m NOK (14% → 2% of revenue). Calculated
·
COGS moved

COGS / varekostnad 275.26m NOK → 282.58m NOK (+2.7% YoY). Calculated