3ANGLE AS: årsregnskap 2008 vs 2007
Shrank 51% on revenue
approved 2009-03-17; registry 2009-05-07
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 3ANGLE AS. Revenue 485.2k NOK → 236.6k NOK (-51.2%). Equity 63.9k NOK → -16.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3ANGLE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 285.6k NOK → 225.1k NOK (59% → 95% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 485.2k NOK to 236.6k NOK (-51.2% YoY). Calculated
-
↓
Equity eroded
Book equity 63.9k NOK → -16.9k NOK (equity ratio 56.7% → -112.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -112.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 105.6k NOK → 22.2k NOK (-78.9% YoY). Calculated