A EGGEN AS: årsregnskap 2008 vs 2007
Shrank 5% on revenue, stronger earnings
approved 2009-06-28; registry 2009-07-07
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A EGGEN AS. Revenue 8.77m NOK → 8.29m NOK (-5.5%). Net result -634.5k NOK → -125.3k NOK. Equity 2.87m NOK → 2.75m NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A EGGEN AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -634.5k NOK → -125.3k NOK (net margin -7.2% → -1.5%). Calculated
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↑
Cash rose
Bank deposits 368.6k NOK → 481.2k NOK (+30.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.42m NOK → 2.05m NOK (28% → 25% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.77m NOK to 8.29m NOK (-5.5% YoY). Calculated
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↓
Equity eroded
Book equity 2.87m NOK → 2.75m NOK (equity ratio 65.1% → 63.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.62m NOK → 4.64m NOK (-17.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2 593 NOK → 7 627 NOK. Reported fact