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Org.nr 853 040 592 2008 → 2009 Year-over-year analysis

AIRCOIL AS: årsregnskap 2009 vs 2008

Shrank 26% on revenue

approved 2010-04-22; registry 2010-05-31; journal 2010 390383

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AIRCOIL AS. Revenue 31.63m NOK → 23.48m NOK (-25.8%). Equity 4.36m NOK → 4.52m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRCOIL AS.

At a glance

Scorecard

Revenue
31.63m NOK 23.48m NOK
-25.8%
Operating result
+5.05m NOK +2.02m NOK
-60.0%
Equity
4.36m NOK 4.52m NOK
+3.6%
Cash
6.11m NOK 3.36m NOK
-45.0%
Total assets
11.84m NOK 7.53m NOK
-36.4%

What improved

  • ↑

    Equity strengthened

    Book equity 4.36m NOK → 4.52m NOK (equity ratio 36.8% → 60.0%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 31.63m NOK to 23.48m NOK (-25.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +5.05m NOK → +2.02m NOK (op. margin 16.0% → 8.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 6.11m NOK → 3.36m NOK (-45.0% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3.05m NOK → 3.08m NOK (10% → 13% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 22.74m NOK → 17.69m NOK (-22.2% YoY). Calculated