Org.nr 980 285 197 2008 → 2009 Year-over-year analysis

AIR & ROAD TRANSPORT AS: årsregnskap 2009 vs 2008

Shrank 29% on revenue

approved 2010-05-21; registry 2010-06-01; journal 2010 392983

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AIR & ROAD TRANSPORT AS. Revenue 54.49m NOK → 38.87m NOK (-28.7%). Equity 8.95m NOK → 10.45m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened.

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

At a glance

Revenue

54.49m NOK 38.87m NOK

-28.7%

Operating result

+6.26m NOK +4.79m NOK

-23.5%

Net result

n/m +3.50m NOK

—

Equity

8.95m NOK 10.45m NOK

+16.8%

Cash

5.79m NOK 8.04m NOK

+38.8%

Total assets

19.54m NOK 18.61m NOK

-4.7%

↑
Equity strengthened

Book equity 8.95m NOK → 10.45m NOK (equity ratio 45.8% → 56.2%). Calculated
↑
Cash rose

Bank deposits 5.79m NOK → 8.04m NOK (+38.8% YoY). Calculated
↑
Payroll decreased

Salary cost 3.67m NOK → 3.61m NOK (7% → 9% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 54.49m NOK to 38.87m NOK (-28.7% YoY). Calculated
↓
Operating result weakened

Operating result +6.26m NOK → +4.79m NOK (op. margin 11.5% → 12.3%). Calculated

·
COGS fell

COGS / varekostnad 42.47m NOK → 28.32m NOK (-33.3% YoY). Calculated