AIRHILL AEROSPACE TECHNOLOGIES AS: årsregnskap 2009 vs 2008
Grew 137425% on revenue, cash halved-plus
approved 2010-08-31; registry 2010-09-09; journal 2010 731828
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AIRHILL AEROSPACE TECHNOLOGIES AS. Revenue 4 581 NOK → 6.30m NOK (+137424.6%). Equity -425.8k NOK → -573.3k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for AIRHILL AEROSPACE TECHNOLOGIES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 581 NOK to 6.30m NOK (+137424.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -425.8k NOK → -573.3k NOK (equity ratio -6.6% → -122.0%). Calculated
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↓
Cash fell
Bank deposits 86.7k NOK → 217 NOK (-99.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -122.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 308.0k NOK → 300.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 5 022 NOK → 6.48m NOK (+128914.8% YoY). Calculated