AIRTHINGS AS: årsregnskap 2010 vs 2009
Grew 10% on revenue, cash halved-plus, fresh owner capital
approved 2011-06-30; registry 2011-07-16; journal 2011 513593
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AIRTHINGS AS. Revenue 2.00m NOK → 2.20m NOK (+10.1%). Equity 783.9k NOK → 878.3k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AIRTHINGS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.00m NOK to 2.20m NOK (+10.1% YoY). Calculated
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↑
Equity strengthened
Book equity 783.9k NOK → 878.3k NOK (equity ratio 125.5% → 56.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.74× → 2.28×. Calculated
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↑
Owners injected capital
Paid-in equity rose 101.6k NOK → 301.6k NOK (+200.0k NOK). Reported fact
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↑
Payroll decreased
Salary cost 3.76m NOK → 3.42m NOK (188% → 155% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +838.0k NOK → -108.9k NOK (op. margin 41.9% → -5.0%). Calculated
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↓
Cash fell
Bank deposits 413.8k NOK → 173.6k NOK (-58.0% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 6 664 NOK → 15.9k NOK (+139.2% YoY). Calculated