Org.nr 980 345 106 2007 → 2008 Year-over-year analysis

7 STEEL SERVICE NORWAY AS: årsregnskap 2008 vs 2007

A steady year on the published lines

approved 2009-05-12; registry 2009-07-06

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for 7 STEEL SERVICE NORWAY AS. Revenue 523.19m NOK → 516.80m NOK (-1.2%). Equity 137.25m NOK → 178.97m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.

At a glance

Revenue

523.19m NOK 516.80m NOK

-1.2%

Operating result

+38.60m NOK n/m

—

Net result

n/m +41.72m NOK

—

Equity

137.25m NOK 178.97m NOK

+30.4%

Cash

2.61m NOK 2.88m NOK

+10.6%

Total assets

298.64m NOK 318.01m NOK

+6.5%

↑
Equity strengthened

Book equity 137.25m NOK → 178.97m NOK (equity ratio 46.0% → 56.3%). Calculated
↑
Cash rose

Bank deposits 2.61m NOK → 2.88m NOK (+10.6% YoY). Calculated

↓
Revenue fell

Operating income / revenue moved from 523.19m NOK to 516.80m NOK (-1.2% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 43.24m NOK → 48.83m NOK (8% → 9% of revenue). Calculated

·
COGS fell

COGS / varekostnad 394.51m NOK → 368.44m NOK (-6.6% YoY). Calculated
·
Book investments changed

Investment / intangible book value 175.70m NOK → 187.48m NOK. Reported fact