FirmaIQ
Org.nr 979 558 821 2007 → 2008 Year-over-year analysis

AIRPROSJEKT AS: årsregnskap 2008 vs 2007

Shrank 100% on revenue, slipped into loss

approved 2009-06-30; registry 2009-08-18

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AIRPROSJEKT AS. Revenue 490.2k NOK → 1 793 NOK (-99.6%). Net result +70.1k NOK → -508.2k NOK. Equity 895.2k NOK → 387.0k NOK.

Pressures included: revenue fell; fell into a net loss; equity eroded.

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

Revenue
490.2k NOK 1 793 NOK
-99.6%
Net result
+70.1k NOK -508.2k NOK
-824.8%
Equity
895.2k NOK 387.0k NOK
-56.8%
Total assets
13.87m NOK 26.35m NOK
+90.0%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 490.2k NOK to 1 793 NOK (-99.6% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 70.1k NOK profit to a loss of 508.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 895.2k NOK → 387.0k NOK (equity ratio 6.5% → 1.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.73m NOK → 1.65m NOK. Reported fact