FirmaIQ
Org.nr 987 404 876 2007 → 2008 Year-over-year analysis

79 DEGREES SOUTH AS: årsregnskap 2008 vs 2007

Shrank 36% on revenue, slipped into loss

approved 2009-04-15; registry 2009-07-07

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for 79 DEGREES SOUTH AS. Revenue 3.94m NOK → 2.51m NOK (-36.2%). Net result +325.9k NOK → -266.9k NOK. Equity 554.2k NOK → 287.3k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 79 DEGREES SOUTH AS.

At a glance

Scorecard

Revenue
3.94m NOK 2.51m NOK
-36.2%
Operating result
+444.4k NOK -363.3k NOK
-181.8%
Net result
+325.9k NOK -266.9k NOK
-181.9%
Equity
554.2k NOK 287.3k NOK
-48.2%
Total assets
398.0k NOK 1.02m NOK
+155.1%

What improved

  • ↑

    Payroll decreased

    Salary cost 1.54m NOK → 1.49m NOK (39% → 59% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.94m NOK to 2.51m NOK (-36.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +444.4k NOK → -363.3k NOK (op. margin 11.3% → -14.5%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 325.9k NOK profit to a loss of 266.9k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 554.2k NOK → 287.3k NOK (equity ratio 139.3% → 28.3%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 965.0k NOK → 499.4k NOK (-48.2% YoY). Calculated