AIRPROSJEKT AS: årsregnskap 2007 vs 2006
Grew 9% on revenue, weaker earnings
approved 2008-06-30; registry 2008-09-03
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AIRPROSJEKT AS. Revenue 450.5k NOK → 490.2k NOK (+8.8%). Net result +128.6k NOK → +70.1k NOK. Equity 825.1k NOK → 895.2k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AIRPROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 450.5k NOK to 490.2k NOK (+8.8% YoY). Calculated
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↑
Equity strengthened
Book equity 825.1k NOK → 895.2k NOK (equity ratio 13.8% → 6.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.09× → 13.53×. Calculated
What deteriorated
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↓
Net result weakened
Net result +128.6k NOK → +70.1k NOK (net margin 28.6% → 14.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.75m NOK → 1.73m NOK. Reported fact