FirmaIQ
Org.nr 917 997 500 2009 → 2010 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2010 vs 2009

Shrank 86% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for AIR PRODUCTS AS. Revenue 2.43bn NOK → 330.98m NOK (-86.4%). Net result -50.68m NOK → -47.68m NOK. Equity 184.18m NOK → 168.43m NOK.

On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR PRODUCTS AS.

At a glance

Scorecard

Revenue
2.43bn NOK 330.98m NOK
-86.4%
Operating result
+71.34m NOK +58.61m NOK
-17.9%
Net result
-50.68m NOK -47.68m NOK
+5.9%
Equity
184.18m NOK 168.43m NOK
-8.6%
Cash
27.18m NOK 24.69m NOK
-9.2%
Total assets
303.73m NOK 324.14m NOK
+6.7%

What improved

  • ↑

    Net result improved

    Net result -50.68m NOK → -47.68m NOK (net margin -2.1% → -14.4%). Calculated

  • ↑

    Payroll decreased

    Salary cost 57.89m NOK → 38.97m NOK (2% → 12% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.43bn NOK to 330.98m NOK (-86.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +71.34m NOK → +58.61m NOK (op. margin 2.9% → 17.7%). Calculated

  • ↓

    Equity eroded

    Book equity 184.18m NOK → 168.43m NOK (equity ratio 60.6% → 52.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 27.18m NOK → 24.69m NOK (-9.2% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 282.58m NOK → 208.78m NOK (-26.1% YoY). Calculated