AIRCRAFT ENGINEERING AS: årsregnskap 2010 vs 2009
Stronger earnings
approved 2011-06-30; registry 2011-09-09; journal 2011 725453
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AIRCRAFT ENGINEERING AS. Revenue 3.35m NOK → 3.31m NOK (-1.5%). Net result +14 NOK → +199.2k NOK. Equity 398.8k NOK → 598.0k NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell.
Also worth watching: cogs fell; 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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↑
Net result improved
Net result +14 NOK → +199.2k NOK (net margin 0.0% → 6.0%). Calculated
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↑
Equity strengthened
Book equity 398.8k NOK → 598.0k NOK (equity ratio 328.6% → 55.0%). Calculated
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↑
Cash rose
Bank deposits 18.8k NOK → 90.8k NOK (+382.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.06× → 2.02×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.35m NOK to 3.31m NOK (-1.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.66m NOK → 509.2k NOK (-69.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 33.4k NOK → 30.6k NOK. Reported fact