AIRPROSJEKT AS: årsregnskap 2009 vs 2008
Grew 131997% on revenue, stronger earnings
approved 2010-06-16; registry 2010-08-09; journal 2010 579774
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AIRPROSJEKT AS. Revenue 1 793 NOK → 2.37m NOK (+131997.0%). Net result -508.2k NOK → -353.5k NOK. Equity 387.0k NOK → 33.5k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
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 1 793 NOK to 2.37m NOK (+131997.0% YoY). Calculated
-
↑
Net result improved
Net result -508.2k NOK → -353.5k NOK (net margin -28345.1% → -14.9%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 387.0k NOK → 33.5k NOK (equity ratio 1.5% → 0.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 10.15× → 0.04× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 1.65m NOK → 3.90m NOK. Reported fact