A G KJØSTVEDT AS: årsregnskap 2008 vs 2007
Weaker earnings
approved 2009-05-06; registry 2009-05-30
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A G KJØSTVEDT AS. Revenue 5.70m NOK → 5.41m NOK (-5.0%). Net result +286.0k NOK → +171.2k NOK. Equity 701.0k NOK → 872.3k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A G KJØSTVEDT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 701.0k NOK → 872.3k NOK (equity ratio 15.5% → 20.0%). Calculated
-
↑
Cash rose
Bank deposits 772 NOK → 965.0k NOK (+124899.5% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.70m NOK to 5.41m NOK (-5.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +508.0k NOK → +367.9k NOK (op. margin 8.9% → 6.8%). Calculated
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↓
Net result weakened
Net result +286.0k NOK → +171.2k NOK (net margin 5.0% → 3.2%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.41m NOK → 1.78m NOK (25% → 33% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.64m NOK → 2.29m NOK (-13.5% YoY). Calculated