A. F. WIGEN AS: årsregnskap 2008 vs 2007
Grew 18% on revenue
approved 2009-06-30; registry 2009-08-11
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A. F. WIGEN AS. Revenue 9.10m NOK → 10.74m NOK (+18.0%). Equity 6.02m NOK → 7.36m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A. F. WIGEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.10m NOK to 10.74m NOK (+18.0% YoY). Calculated
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↑
Equity strengthened
Book equity 6.02m NOK → 7.36m NOK (equity ratio 40.6% → 42.9%). Calculated
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↑
Cash rose
Bank deposits 3.50m NOK → 6.04m NOK (+72.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.66× → 4.70×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +799.7k NOK → +136.4k NOK (op. margin 8.8% → 1.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.72m NOK → 2.03m NOK (19% → 19% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4.57m NOK → 4.96m NOK (+8.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.62m NOK → 1.55m NOK. Reported fact