FirmaIQ
Org.nr 989 384 619 2007 → 2008 Year-over-year analysis

A&B SCANDINAVIA AS: årsregnskap 2008 vs 2007

Grew 23% on revenue

approved 2009-06-17; registry 2009-06-24

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for A&B SCANDINAVIA AS. Revenue 9.20m NOK → 11.35m NOK (+23.4%). Equity 390.3k NOK → 219.5k NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A&B SCANDINAVIA AS.

At a glance

Scorecard

Revenue
9.20m NOK 11.35m NOK
+23.4%
Operating result
+1.49m NOK +2.48m NOK
+66.1%
Equity
390.3k NOK 219.5k NOK
-43.8%
Cash
1.27m NOK 2.42m NOK
+90.8%
Total assets
2.33m NOK 3.68m NOK
+57.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.20m NOK to 11.35m NOK (+23.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.49m NOK → +2.48m NOK (op. margin 16.2% → 21.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.27m NOK → 2.42m NOK (+90.8% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 390.3k NOK → 219.5k NOK (equity ratio 16.7% → 6.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 1.46m NOK → 1.83m NOK (16% → 16% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 5.73m NOK → 6.39m NOK (+11.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 75.2k NOK → 175.2k NOK. Reported fact