7 FJELL AS: årsregnskap 2009 vs 2008
Shrank 54% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 7 FJELL AS. Revenue 402.1k NOK → 185.0k NOK (-54.0%). Net result -36.2k NOK → -10.8k NOK. Equity 141.4k NOK → 130.6k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7 FJELL AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -36.2k NOK → -10.8k NOK (net margin -9.0% → -5.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 402.1k NOK to 185.0k NOK (-54.0% YoY). Calculated
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↓
Operating result weakened
Operating result -33.3k NOK → -34.2k NOK (op. margin -8.3% → -18.5%). Calculated
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↓
Equity eroded
Book equity 141.4k NOK → 130.6k NOK (equity ratio 72.0% → 69.3%). Calculated
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↓
Cash fell
Bank deposits 74.6k NOK → 11.1k NOK (-85.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 3 117 NOK → 16.4k NOK (1% → 9% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 134.7k NOK → 69.8k NOK (-48.2% YoY). Calculated