FirmaIQ
Org.nr 985 465 738 2008 → 2009 Year-over-year analysis

A'HEAD EXECUTIVE AS: årsregnskap 2009 vs 2008

Shrank 30% on revenue, weaker earnings

approved 2010-04-20; registry 2010-08-31; journal 2010 671745

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for A'HEAD EXECUTIVE AS. Revenue 10.15m NOK → 7.06m NOK (-30.4%). Net result +3.10m NOK → +663.9k NOK. Equity 827.9k NOK → 2.49m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A'HEAD EXECUTIVE AS.

At a glance

Scorecard

Revenue
10.15m NOK 7.06m NOK
-30.4%
Operating result
+4.09m NOK +819.5k NOK
-80.0%
Net result
+3.10m NOK +663.9k NOK
-78.6%
Equity
827.9k NOK 2.49m NOK
+201.0%
Cash
5.75m NOK 4.11m NOK
-28.4%
Total assets
7.40m NOK 5.59m NOK
-24.5%

What improved

  • ↑

    Equity strengthened

    Book equity 827.9k NOK → 2.49m NOK (equity ratio 11.2% → 44.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.15m NOK to 7.06m NOK (-30.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +4.09m NOK → +819.5k NOK (op. margin 40.3% → 11.6%). Calculated

  • ↓

    Net result weakened

    Net result +3.10m NOK → +663.9k NOK (net margin 30.5% → 9.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.75m NOK → 4.11m NOK (-28.4% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2 008 NOK → 5.04m NOK (0% → 71% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 0 NOK → 186.7k NOK. Reported fact