AIRFLOW FILTER AS: årsregnskap 2007 vs 2006
Grew 3938% on revenue, cash halved-plus
approved 2008-05-08; registry 2008-09-02
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AIRFLOW FILTER AS. Revenue 1 167 NOK → 47.1k NOK (+3938.1%). Equity 11.6k NOK → -50.9k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AIRFLOW FILTER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 167 NOK to 47.1k NOK (+3938.1% YoY). Calculated
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↑
Operating result improved
Operating result -88.1k NOK → -55.5k NOK (op. margin -7552.1% → -117.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.6k NOK → -50.9k NOK (equity ratio 1.3% → -6.0%). Calculated
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↓
Cash fell
Bank deposits 69.9k NOK → 34.6k NOK (-50.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5 NOK → 5.39m NOK (0% → 11433% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 686.4k NOK → 161.6k NOK (-76.5% YoY). Calculated