FirmaIQ
Org.nr 834 087 642 2008 → 2009 Year-over-year analysis

A G KJØSTVEDT AS: årsregnskap 2009 vs 2008

Shrank 6% on revenue, stronger earnings

approved 2010-05-18; registry 2010-08-23; journal 2010 619347

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for A G KJØSTVEDT AS. Revenue 5.41m NOK → 5.12m NOK (-5.5%). Net result +171.2k NOK → +278.1k NOK. Equity 872.3k NOK → 150.4k NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A G KJØSTVEDT AS.

At a glance

Scorecard

Revenue
5.41m NOK 5.12m NOK
-5.5%
Operating result
+367.9k NOK +465.1k NOK
+26.4%
Net result
+171.2k NOK +278.1k NOK
+62.4%
Equity
872.3k NOK 150.4k NOK
-82.8%
Cash
965.0k NOK 1.04m NOK
+8.1%
Total assets
4.37m NOK 4.25m NOK
-2.8%

What improved

  • ↑

    Operating result improved

    Operating result +367.9k NOK → +465.1k NOK (op. margin 6.8% → 9.1%). Calculated

  • ↑

    Net result improved

    Net result +171.2k NOK → +278.1k NOK (net margin 3.2% → 5.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 965.0k NOK → 1.04m NOK (+8.1% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.78m NOK → 1.39m NOK (33% → 27% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.41m NOK to 5.12m NOK (-5.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 872.3k NOK → 150.4k NOK (equity ratio 20.0% → 3.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 2.29m NOK → 2.25m NOK (-1.9% YoY). Calculated