Org.nr 910 774 115 2008 → 2009 Year-over-year analysis

A BRANDTH AS: årsregnskap 2009 vs 2008

Shrank 10% on revenue

approved 2010-04-27; registry 2010-06-16; journal 2010 425957

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for A BRANDTH AS. Revenue 20.45m NOK → 18.37m NOK (-10.1%). Equity 11.38m NOK → 11.13m NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A BRANDTH AS.

At a glance

Revenue

20.45m NOK 18.37m NOK

-10.1%

Operating result

+1.04m NOK +633.0k NOK

-39.3%

Equity

11.38m NOK 11.13m NOK

-2.2%

Cash

9.53m NOK 4.96m NOK

-47.9%

Total assets

19.84m NOK 17.13m NOK

-13.7%

↓
Revenue fell

Operating income / revenue moved from 20.45m NOK to 18.37m NOK (-10.1% YoY). Calculated
↓
Operating result weakened

Operating result +1.04m NOK → +633.0k NOK (op. margin 5.1% → 3.4%). Calculated
↓
Equity eroded

Book equity 11.38m NOK → 11.13m NOK (equity ratio 57.3% → 65.0%). Calculated
↓
Cash fell

Bank deposits 9.53m NOK → 4.96m NOK (-47.9% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 3.21m NOK → 3.40m NOK (16% → 18% of revenue). Calculated

·
COGS fell

COGS / varekostnad 13.49m NOK → 11.74m NOK (-12.9% YoY). Calculated
·
Book investments changed

Investment / intangible book value 1.40m NOK → 1.52m NOK. Reported fact