FirmaIQ
Org.nr 980 345 106 2008 → 2009 Year-over-year analysis

7 STEEL SERVICE NORWAY AS: årsregnskap 2009 vs 2008

Slipped into loss

approved 2010-05-06; registry 2010-06-01; journal 2010 393379

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for 7 STEEL SERVICE NORWAY AS. Revenue 516.80m NOK → 515.34m NOK (-0.3%). Net result +41.72m NOK → -21.08m NOK. Equity 178.97m NOK → 81.95m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.

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

Scorecard

Revenue
516.80m NOK 515.34m NOK
-0.3%
Net result
+41.72m NOK -21.08m NOK
-150.5%
Equity
178.97m NOK 81.95m NOK
-54.2%
Cash
2.88m NOK 3.51m NOK
+21.6%
Total assets
318.01m NOK 253.65m NOK
-20.2%

What improved

  • ↑

    Cash rose

    Bank deposits 2.88m NOK → 3.51m NOK (+21.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 516.80m NOK to 515.34m NOK (-0.3% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 41.72m NOK profit to a loss of 21.08m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 178.97m NOK → 81.95m NOK (equity ratio 56.3% → 32.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 48.83m NOK → 77.88m NOK (9% → 15% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 368.44m NOK → 359.28m NOK (-2.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 187.48m NOK → 187.5k NOK. Reported fact