AIRFLOW FILTER AS: årsregnskap 2010 vs 2009
Shrank 16% on revenue, weaker earnings, cash halved-plus
approved 2011-05-30; registry 2011-08-22; journal 2011 614386
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AIRFLOW FILTER AS. Revenue 6.41m NOK → 5.40m NOK (-15.7%). Net result +146.0k NOK → +26.0k NOK. Equity -121.4k NOK → -95.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: 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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↑
Equity strengthened
Book equity -121.4k NOK → -95.3k NOK (equity ratio -277.6% → -10.2%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.41m NOK to 5.40m NOK (-15.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +169.3k NOK → +45.6k NOK (op. margin 2.6% → 0.8%). Calculated
-
↓
Net result weakened
Net result +146.0k NOK → +26.0k NOK (net margin 2.3% → 0.5%). Calculated
-
↓
Cash fell
Bank deposits 57.0k NOK → 14.9k NOK (-73.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 29.27× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.00m NOK → 3.62m NOK (-9.4% YoY). Calculated