FirmaIQ
Org.nr 879 946 492 2008 → 2009 Year-over-year analysis

A C SMITH & CO AS: årsregnskap 2009 vs 2008

Shrank 15% on revenue

approved 2010-06-30; registry 2010-08-21; journal 2010 606060

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for A C SMITH & CO AS. Revenue 54.20m NOK → 46.27m NOK (-14.6%). Net result +6.99m NOK → +6.69m NOK. Equity 18.51m NOK → 10.20m NOK.

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 A C SMITH & CO AS.

At a glance

Scorecard

Revenue
54.20m NOK 46.27m NOK
-14.6%
Operating result
+9.19m NOK n/m
—
Net result
+6.99m NOK +6.69m NOK
-4.3%
Equity
18.51m NOK 10.20m NOK
-44.9%
Total assets
28.55m NOK 33.68m NOK
+18.0%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 54.20m NOK to 46.27m NOK (-14.6% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 18.51m NOK → 10.20m NOK (equity ratio 64.8% → 30.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 10.13m NOK → 10.89m NOK (19% → 24% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 30.87m NOK → 21.60m NOK (-30.0% YoY). Calculated