AIRFLOW FILTER AS: årsregnskap 2009 vs 2008
Grew 64% on revenue, returned to profit
approved 2010-05-12; registry 2010-08-18; journal 2010 600455
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AIRFLOW FILTER AS. Revenue 3.90m NOK → 6.41m NOK (+64.3%). Net result -216.5k NOK → +146.0k NOK. Equity -267.4k NOK → -121.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer; 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 3.90m NOK to 6.41m NOK (+64.3% YoY). Calculated
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Operating result improved
Operating result -198.1k NOK → +169.3k NOK (op. margin -5.1% → 2.6%). Calculated
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Turned profitable
Net result flipped from a loss of 216.5k NOK to a profit of 146.0k NOK. Calculated
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Equity strengthened
Book equity -267.4k NOK → -121.4k NOK (equity ratio -35.2% → -277.6%). Calculated
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Cash rose
Bank deposits 30.1k NOK → 57.0k NOK (+89.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -277.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 2.42m NOK → 4.00m NOK (+65.1% YoY). Calculated