FirmaIQ
Org.nr 979 918 984 2009 → 2010 Year-over-year analysis

AIRSWIFT NORGE AS: årsregnskap 2010 vs 2009

Grew 22% on revenue, cash halved-plus

approved 2011-04-05; registry 2011-06-29; journal 2011 449457

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for AIRSWIFT NORGE AS. Revenue 392.90m NOK → 478.74m NOK (+21.8%). Equity 12.05m NOK → 15.82m NOK.

On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: cash fell.

Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIRSWIFT NORGE AS.

At a glance

Scorecard

Revenue
392.90m NOK 478.74m NOK
+21.8%
Equity
12.05m NOK 15.82m NOK
+31.3%
Cash
31.93m NOK 767.4k NOK
-97.6%
Total assets
99.83m NOK 122.08m NOK
+22.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 392.90m NOK to 478.74m NOK (+21.8% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 12.05m NOK → 15.82m NOK (equity ratio 12.1% → 13.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 6.24bn NOK → 3.29bn NOK (1589% → 687% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 31.93m NOK → 767.4k NOK (-97.6% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (31.93m NOK → 767.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 91.71m NOK → 125.99m NOK (+37.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1 000 NOK → 7.59m NOK. Reported fact