123 INVEST AS: årsregnskap 2008 vs 2007
Grew 33% on revenue, weaker earnings
approved 2009-08-31; registry 2009-09-10
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 123 INVEST AS. Revenue 2.47m NOK → 3.29m NOK (+33.2%). Net result +114.4k NOK → +6 142 NOK. Equity 190.5k NOK → 196.6k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 123 INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.47m NOK to 3.29m NOK (+33.2% YoY). Calculated
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↑
Equity strengthened
Book equity 190.5k NOK → 196.6k NOK (equity ratio 24.1% → 40.6%). Calculated
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↑
Cash rose
Bank deposits 118.6k NOK → 266.7k NOK (+124.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +160.0k NOK → +44.3k NOK (op. margin 6.5% → 1.3%). Calculated
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↓
Net result weakened
Net result +114.4k NOK → +6 142 NOK (net margin 4.6% → 0.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.30m NOK → 2.00m NOK (53% → 61% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 290.1k NOK → 354.6k NOK (+22.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 49.2k NOK → 40.5k NOK. Reported fact