AIR-TECH AS: årsregnskap 2007 vs 2006
Grew 183% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AIR-TECH AS. Revenue 4.75m NOK → 13.44m NOK (+182.9%). Net result +301.4k NOK → +500.3k NOK. Equity 401.4k NOK → 901.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR-TECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.75m NOK to 13.44m NOK (+182.9% YoY). Calculated
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Operating result improved
Operating result +414.7k NOK → +687.8k NOK (op. margin 8.7% → 5.1%). Calculated
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Net result improved
Net result +301.4k NOK → +500.3k NOK (net margin 6.3% → 3.7%). Calculated
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Equity strengthened
Book equity 401.4k NOK → 901.8k NOK (equity ratio 55.6% → 29.4%). Calculated
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Cash rose
Bank deposits 279.6k NOK → 9.98m NOK (+3467.9% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 3.43m NOK → 9.70m NOK (72% → 72% of revenue). Calculated
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COGS moved
COGS / varekostnad 0 NOK → 32.0k NOK (None YoY). Calculated