Org.nr 977 298 865 2007 → 2008 Year-over-year analysis

AIR TRADE SUPPORT AS: årsregnskap 2008 vs 2007

Shrank 34% on revenue

approved 2009-06-12; registry 2009-08-20

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AIR TRADE SUPPORT AS. Revenue 15.68m NOK → 10.32m NOK (-34.2%). Equity 859.9k NOK → 326.5k NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Revenue

15.68m NOK 10.32m NOK

-34.2%

Operating result

+796.6k NOK -230.3k NOK

-128.9%

Net result

+524.1k NOK n/m

—

Equity

859.9k NOK 326.5k NOK

-62.0%

Total assets

3.66m NOK 1.31m NOK

-64.3%

↓
Revenue fell

Operating income / revenue moved from 15.68m NOK to 10.32m NOK (-34.2% YoY). Calculated
↓
Operating result weakened

Operating result +796.6k NOK → -230.3k NOK (op. margin 5.1% → -2.2%). Calculated
↓
Equity eroded

Book equity 859.9k NOK → 326.5k NOK (equity ratio 23.5% → 25.0%). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.25× → 0.23× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 1.23m NOK → 1.28m NOK (8% → 12% of revenue). Calculated