FirmaIQ
Org.nr 986 386 092 2010 → 2011 Year-over-year analysis

AIRCONTACT GROUP AS: årsregnskap 2011 vs 2010

Shrank 93% on revenue

approved 2012-06-26; registry 2012-08-22; journal 2012 632690

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for AIRCONTACT GROUP AS. Revenue 363.72m NOK → 26.70m NOK (-92.7%). Net result +51.22m NOK → +61.10m NOK. Equity 120.96m NOK → 12 NOK.

On the constructive side: net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.

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

At a glance

Scorecard

Revenue
363.72m NOK 26.70m NOK
-92.7%
Net result
+51.22m NOK +61.10m NOK
+19.3%
Equity
120.96m NOK 12 NOK
-100.0%
Cash
36.02m NOK 32.96m NOK
-8.5%
Total assets
258.43m NOK 275.26m NOK
+6.5%

What improved

  • ↑

    Net result improved

    Net result +51.22m NOK → +61.10m NOK (net margin 14.1% → 228.9%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.93× → 1.01×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 363.72m NOK to 26.70m NOK (-92.7% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 120.96m NOK → 12 NOK (equity ratio 46.8% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 36.02m NOK → 32.96m NOK (-8.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 4.19bn NOK → 4.21bn NOK (1153% → 15786% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 24.54m NOK → 33.17m NOK (+35.2% 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

  • ·

    Book investments changed

    Investment / intangible book value 61.4k NOK → 6.42m NOK. Reported fact