AIRTRANS AS: årsregnskap 2008 vs 2007
Shrank 61% on revenue
approved 2009-08-25; registry 2009-09-17
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AIRTRANS AS. Revenue 657.9k NOK → 255.3k NOK (-61.2%). Equity 112.2k NOK → 42.9k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRTRANS AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.47× → 1.58×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 657.9k NOK to 255.3k NOK (-61.2% YoY). Calculated
-
↓
Operating result weakened
Operating result -14.9k NOK → -70.1k NOK (op. margin -2.3% → -27.5%). Calculated
-
↓
Equity eroded
Book equity 112.2k NOK → 42.9k NOK (equity ratio 20.0% → 17.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 476.1k NOK → 250.2k NOK (-47.4% YoY). Calculated