AIRCRAFT ENGINEERING AS: årsregnskap 2009 vs 2008
Grew 24% on revenue, weaker earnings, cash halved-plus
approved 2010-05-31; registry 2010-09-08; journal 2010 724126
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AIRCRAFT ENGINEERING AS. Revenue 2.70m NOK → 3.35m NOK (+24.1%). Net result +15.0k NOK → +14 NOK. Equity 213.1k NOK → 398.8k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIRCRAFT ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.70m NOK to 3.35m NOK (+24.1% YoY). Calculated
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↑
Equity strengthened
Book equity 213.1k NOK → 398.8k NOK (equity ratio 162.4% → 328.6%). Calculated
What deteriorated
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↓
Net result weakened
Net result +15.0k NOK → +14 NOK (net margin 0.6% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 44.1k NOK → 18.8k NOK (-57.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.23× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 6.84m NOK → 6.94m NOK (253% → 207% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.39m NOK → 1.66m NOK (+19.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 30.8k NOK → 33.4k NOK. Reported fact