AIRFIL AS: årsregnskap 2010 vs 2009
Another loss-making year
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AIRFIL AS. Equity 150.0k NOK → -11.1k NOK.
Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRFIL AS.
At a glance
Scorecard
Operating result
n/m
-161.4k NOK
—
Net result
n/m
-161.1k NOK
—
Equity
150.0k NOK
-11.1k NOK
-107.4%
Total assets
160.0k NOK
166.4k NOK
+4.0%
What deteriorated
-
↓
Equity eroded
Book equity 150.0k NOK → -11.1k NOK (equity ratio 93.8% → -6.7%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 16.00× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation