AIRLIFT SERVICES AS: årsregnskap 2008 vs 2007
Grew 124578% on revenue, weaker earnings
approved 2009-03-27; registry 2009-09-10
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AIRLIFT SERVICES AS. Revenue 38.9k NOK → 48.46m NOK (+124578.5%). Net result +700.0k NOK → +1 245 NOK. Equity 823.4k NOK → 797.1k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AIRLIFT SERVICES AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 38.9k NOK to 48.46m NOK (+124578.5% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +700.0k NOK → +1 245 NOK (net margin 1800.8% → 0.0%). Calculated
-
↓
Equity eroded
Book equity 823.4k NOK → 797.1k NOK (equity ratio 88.0% → 8.8%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 125.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 36.2k NOK → 45.97m NOK (93% → 95% of revenue). Calculated