Org.nr 971 219 270 2006 → 2007 Year-over-year analysis

AIRBROKER AS: årsregnskap 2007 vs 2006

Shrank 32% on revenue

approved 2008-08-14; registry 2008-08-19

Summary

What changed

Comparing Årsregnskap 2007 with 2006 for AIRBROKER AS. Revenue 61.28m NOK → 41.73m NOK (-31.9%). Equity 795.2k NOK → 318.1k NOK.

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

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRBROKER AS.

At a glance

Revenue

61.28m NOK 41.73m NOK

-31.9%

Net result

+958.8k NOK n/m

—

Equity

795.2k NOK 318.1k NOK

-60.0%

Cash

2.24m NOK 1.77m NOK

-21.0%

Total assets

3.23m NOK 3.18m NOK

-1.6%

↑
Payroll decreased

Salary cost 2.33m NOK → 1.37m NOK (4% → 3% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 61.28m NOK to 41.73m NOK (-31.9% YoY). Calculated
↓
Equity eroded

Book equity 795.2k NOK → 318.1k NOK (equity ratio 24.6% → 10.0%). Calculated
↓
Cash fell

Bank deposits 2.24m NOK → 1.77m NOK (-21.0% YoY). Calculated

·
COGS fell

COGS / varekostnad 57.52m NOK → 38.98m NOK (-32.2% YoY). Calculated
·
Book investments changed

Investment / intangible book value 256.3k NOK → 16.5k NOK. Reported fact