AIRTRANS AS: årsregnskap 2009 vs 2008
Shrank 80% on revenue
approved 2010-09-15; registry 2010-10-04; journal 2010 772667
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AIRTRANS AS. Revenue 255.3k NOK → 51.3k NOK (-79.9%). Equity 42.9k NOK → -92.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIRTRANS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 50.4k NOK → 7 NOK (20% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 255.3k NOK to 51.3k NOK (-79.9% YoY). Calculated
-
↓
Operating result weakened
Operating result -70.1k NOK → -135.7k NOK (op. margin -27.5% → -264.4%). Calculated
-
↓
Equity eroded
Book equity 42.9k NOK → -92.9k NOK (equity ratio 17.1% → -131.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -131.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 250.2k NOK → 56.2k NOK (-77.5% YoY). Calculated