FirmaIQ
Org.nr 986 386 092 2008 → 2009 Year-over-year analysis

AIRCONTACT GROUP AS: årsregnskap 2009 vs 2008

Shrank 50% on revenue, stronger earnings

approved 2010-06-30; registry 2010-08-24; journal 2010 629056

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AIRCONTACT GROUP AS. Revenue 17.75m NOK → 8.91m NOK (-49.8%). Net result +32.55m NOK → +39.07m NOK. Equity 12 NOK → 12 NOK.

On the constructive side: net result improved; cash rose. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.

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

At a glance

Scorecard

Revenue
17.75m NOK 8.91m NOK
-49.8%
Net result
+32.55m NOK +39.07m NOK
+20.1%
Equity
12 NOK 12 NOK
0.0%
Cash
795.2k NOK 16.85m NOK
+2018.9%
Total assets
209.66m NOK 225.45m NOK
+7.5%

What improved

  • ↑

    Net result improved

    Net result +32.55m NOK → +39.07m NOK (net margin 183.4% → 438.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 795.2k NOK → 16.85m NOK (+2018.9% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 17.75m NOK to 8.91m NOK (-49.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 204.40m NOK → 4.19bn NOK (1152% → 46997% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 21.67m NOK → 24.76m NOK (+14.3% 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