Org.nr 990 860 718 2007 → 2008 Year-over-year analysis

AIRHILL AEROSPACE TECHNOLOGIES AS: årsregnskap 2008 vs 2007

Grew 816% on revenue

approved 2009-06-26; registry 2009-08-06

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AIRHILL AEROSPACE TECHNOLOGIES AS. Revenue 500 NOK → 4 581 NOK (+816.2%). Equity 308.0k NOK → -425.8k NOK.

On the constructive side: revenue rose. 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 AIRHILL AEROSPACE TECHNOLOGIES AS.

At a glance

Revenue

500 NOK 4 581 NOK

+816.2%

Operating result

-8 085 NOK n/m

—

Net result

-68.9k NOK n/m

—

Equity

308.0k NOK -425.8k NOK

-238.3%

Cash

n/m 86.7k NOK

—

Total assets

2 503 NOK 6.49m NOK

+259056.8%

↑
Revenue rose

Operating income / revenue moved from 500 NOK to 4 581 NOK (+816.2% YoY). Calculated

↓
Equity eroded

Book equity 308.0k NOK → -425.8k NOK (equity ratio 12303.4% → -6.6%). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.03× → 0.68× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is -6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation