Org.nr 991 528 261 2008 → 2009 Year-over-year analysis

AIRAM EIENDOM AS: årsregnskap 2009 vs 2008

Grew 60% on revenue, cash halved-plus

approved 2010-05-31; registry 2010-06-05; journal 2010 405670

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AIRAM EIENDOM AS. Revenue 373.2k NOK → 598.4k NOK (+60.3%). Equity 12.13m NOK → 11.76m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for AIRAM EIENDOM AS.

At a glance

Revenue

373.2k NOK 598.4k NOK

+60.3%

Equity

12.13m NOK 11.76m NOK

-3.0%

Cash

5.42m NOK 681.9k NOK

-87.4%

Total assets

12.92m NOK 12.28m NOK

-4.9%

↑
Revenue rose

Operating income / revenue moved from 373.2k NOK to 598.4k NOK (+60.3% YoY). Calculated

↓
Equity eroded

Book equity 12.13m NOK → 11.76m NOK (equity ratio 93.9% → 95.8%). Calculated
↓
Cash fell

Bank deposits 5.42m NOK → 681.9k NOK (-87.4% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (5.42m NOK → 681.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Payroll increased

Salary cost 31.2k NOK → 1.37m NOK (8% → 229% of revenue). Calculated