Org.nr 974 281 325 2008 → 2009 Year-over-year analysis

70 GRADER N ARKITEKTUR AS: årsregnskap 2009 vs 2008

Shrank 28% on revenue, cash halved-plus

approved 2010-05-31; registry 2010-08-31; journal 2010 669201

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for 70 GRADER N ARKITEKTUR AS. Revenue 5.28m NOK → 3.81m NOK (-27.8%). Equity 699.9k NOK → 619.0k NOK.

On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 70 GRADER N ARKITEKTUR AS.

At a glance

Revenue

5.28m NOK 3.81m NOK

-27.8%

Net result

-304.6k NOK n/m

—

Equity

699.9k NOK 619.0k NOK

-11.6%

Cash

1.29m NOK 574.1k NOK

-55.6%

Total assets

2.12m NOK 220.0k NOK

-89.6%

↑
Current ratio back above 1×

Current ratio 0.91× → 1.63×. Calculated
↑
Payroll decreased

Salary cost 3.62m NOK → 2.25m NOK (68% → 59% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.28m NOK to 3.81m NOK (-27.8% YoY). Calculated
↓
Equity eroded

Book equity 699.9k NOK → 619.0k NOK (equity ratio 33.0% → 281.4%). Calculated
↓
Cash fell

Bank deposits 1.29m NOK → 574.1k NOK (-55.6% YoY). Calculated

·
COGS fell

COGS / varekostnad 876.5k NOK → 499.6k NOK (-43.0% YoY). Calculated