FirmaIQ
Org.nr 990 800 464 2008 → 2009 Year-over-year analysis

AIRLIFT SERVICES AS: årsregnskap 2009 vs 2008

Stronger earnings

approved 2010-04-13; registry 2010-08-26; journal 2010 643341

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AIRLIFT SERVICES AS. Revenue 48.46m NOK → 47.27m NOK (-2.5%). Net result +1 245 NOK → +395.8k NOK. Equity 797.1k NOK → 1 192 NOK.

On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AIRLIFT SERVICES AS.

At a glance

Scorecard

Revenue
48.46m NOK 47.27m NOK
-2.5%
Operating result
n/m +540.0k NOK
—
Net result
+1 245 NOK +395.8k NOK
+31695.1%
Equity
797.1k NOK 1 192 NOK
-99.9%
Total assets
9.04m NOK 9.06m NOK
+0.2%

What improved

  • ↑

    Net result improved

    Net result +1 245 NOK → +395.8k NOK (net margin 0.0% → 0.8%). Calculated

  • ↑

    Payroll decreased

    Salary cost 45.97m NOK → 44.29m NOK (95% → 94% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 48.46m NOK to 47.27m NOK (-2.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 797.1k NOK → 1 192 NOK (equity ratio 8.8% → 0.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation