FirmaIQ
Org.nr 986 386 092 2007 → 2008 Year-over-year analysis

AIRCONTACT GROUP AS: årsregnskap 2008 vs 2007

Grew 25% on revenue, weaker earnings

approved 2009-06-29; registry 2009-08-13

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AIRCONTACT GROUP AS. Revenue 14.18m NOK → 17.75m NOK (+25.1%). Net result +719.50bn NOK → +32.55m NOK. Equity 13110665967.11bn NOK → 12 NOK.

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

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIRCONTACT GROUP AS.

At a glance

Scorecard

Revenue
14.18m NOK 17.75m NOK
+25.1%
Net result
+719.50bn NOK +32.55m NOK
-100.0%
Equity
13110665967.11bn NOK 12 NOK
-100.0%
Cash
1.47m NOK 795.2k NOK
-45.8%
Total assets
203.66m NOK 209.66m NOK
+2.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 14.18m NOK to 17.75m NOK (+25.1% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +719.50bn NOK → +32.55m NOK (net margin 5072323.1% → 183.4%). Calculated

  • ↓

    Equity eroded

    Book equity 13110665967.11bn NOK → 12 NOK (equity ratio 6437569810871.1% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.47m NOK → 795.2k NOK (-45.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 22.22m NOK → 21.67m NOK (-2.5% YoY). Calculated