Org.nr 853 040 592 2007 → 2008 Year-over-year analysis

AIRCOIL AS: årsregnskap 2008 vs 2007

Grew 37% on revenue

approved 2009-04-02; registry 2009-05-18

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AIRCOIL AS. Revenue 23.14m NOK → 31.63m NOK (+36.7%). Equity 2.18m NOK → 4.36m NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRCOIL AS.

At a glance

Revenue

23.14m NOK 31.63m NOK

+36.7%

Operating result

+584.7k NOK +5.05m NOK

+763.0%

Net result

+884.1k NOK n/m

—

Equity

2.18m NOK 4.36m NOK

+100.0%

Cash

1.43m NOK 6.11m NOK

+326.9%

Total assets

5.75m NOK 11.84m NOK

+105.7%

↑
Revenue rose

Operating income / revenue moved from 23.14m NOK to 31.63m NOK (+36.7% YoY). Calculated
↑
Operating result improved

Operating result +584.7k NOK → +5.05m NOK (op. margin 2.5% → 16.0%). Calculated
↑
Equity strengthened

Book equity 2.18m NOK → 4.36m NOK (equity ratio 37.9% → 36.8%). Calculated
↑
Cash rose

Bank deposits 1.43m NOK → 6.11m NOK (+326.9% YoY). Calculated

·
Payroll increased

Salary cost 2.66m NOK → 3.05m NOK (11% → 10% of revenue). Calculated
·
COGS moved

COGS / varekostnad 17.34m NOK → 22.74m NOK (+31.1% YoY). Calculated