A&B ELEKTRO INSTALLASJON AS: årsregnskap 2008 vs 2007
Grew 143234% on revenue, weaker earnings, cash halved-plus
approved 2009-06-13; registry 2009-09-09
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A&B ELEKTRO INSTALLASJON AS. Revenue 1 091 NOK → 1.56m NOK (+143234.4%). Net result -42.4k NOK → -237.9k NOK. Equity 233.2k NOK → -4 725 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A&B ELEKTRO INSTALLASJON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 091 NOK to 1.56m NOK (+143234.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -23.2k NOK → -148.3k NOK (op. margin -2125.9% → -9.5%). Calculated
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↓
Net result weakened
Net result -42.4k NOK → -237.9k NOK (net margin -3888.0% → -15.2%). Calculated
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↓
Equity eroded
Book equity 233.2k NOK → -4 725 NOK (equity ratio 27.8% → -0.8%). Calculated
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↓
Cash fell
Bank deposits 149.4k NOK → 74.7k NOK (-50.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 476.8k NOK → 993.0k NOK (43705% → 64% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 366.1k NOK → 387.5k NOK (+5.8% YoY). Calculated