79 DEGREES SOUTH AS: årsregnskap 2009 vs 2008
Shrank 50% on revenue, stronger earnings
approved 2010-03-15; registry 2010-03-24
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 79 DEGREES SOUTH AS. Revenue 2.51m NOK → 1.25m NOK (-50.1%). Net result -266.9k NOK → -146.4k NOK. Equity 287.3k NOK → 141.0k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 79 DEGREES SOUTH AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -363.3k NOK → -91.8k NOK (op. margin -14.5% → -7.3%). Calculated
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↑
Net result improved
Net result -266.9k NOK → -146.4k NOK (net margin -10.6% → -11.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.51m NOK to 1.25m NOK (-50.1% YoY). Calculated
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↓
Equity eroded
Book equity 287.3k NOK → 141.0k NOK (equity ratio 28.3% → 66.8%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.49m NOK → 4.25m NOK (59% → 339% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 499.4k NOK → 304.6k NOK (-39.0% YoY). Calculated