AIRFLOW FILTER AS: årsregnskap 2008 vs 2007
Grew 8175% on revenue, weaker earnings
approved 2009-06-30; registry 2009-08-31
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AIRFLOW FILTER AS. Revenue 47.1k NOK → 3.90m NOK (+8175.5%). Net result -62.5k NOK → -216.5k NOK. Equity -50.9k NOK → -267.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. 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 47.1k NOK to 3.90m NOK (+8175.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -55.5k NOK → -198.1k NOK (op. margin -117.7% → -5.1%). Calculated
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↓
Net result weakened
Net result -62.5k NOK → -216.5k NOK (net margin -132.7% → -5.6%). Calculated
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↓
Equity eroded
Book equity -50.9k NOK → -267.4k NOK (equity ratio -6.0% → -35.2%). Calculated
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↓
Cash fell
Bank deposits 34.6k NOK → 30.1k NOK (-13.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -35.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5.39m NOK → 5.79m NOK (11433% → 148% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 161.6k NOK → 2.42m NOK (+1399.2% YoY). Calculated