AIR-TECH AS: årsregnskap 2009 vs 2008
Shrank 100% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AIR-TECH AS. Revenue 3.25m NOK → 3 803 NOK (-99.9%). Net result +856.0k NOK → +85.9k NOK. Equity 245.8k NOK → 263.3k NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR-TECH AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +87.2k NOK → +89.6k NOK (op. margin 2.7% → 2355.9%). Calculated
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↑
Equity strengthened
Book equity 245.8k NOK → 263.3k NOK (equity ratio 28.7% → 99.5%). Calculated
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↑
Payroll decreased
Salary cost 2.89m NOK → 2 250 NOK (89% → 59% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.25m NOK to 3 803 NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result +856.0k NOK → +85.9k NOK (net margin 26.3% → 2257.5%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 36.6k NOK → 0 NOK (-100.0% YoY). Calculated