A HELGELAND BETONG AS: årsregnskap 2008 vs 2007
Shrank 32% on revenue
approved 2009-06-30; registry 2009-09-16
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A HELGELAND BETONG AS. Revenue 26.60m NOK → 18.03m NOK (-32.2%). Equity -218.1k NOK → -1.10m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A HELGELAND BETONG AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 8.14m NOK → 7.90m NOK (31% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 26.60m NOK to 18.03m NOK (-32.2% YoY). Calculated
-
↓
Operating result weakened
Operating result -335.6k NOK → -629.5k NOK (op. margin -1.3% → -3.5%). Calculated
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↓
Equity eroded
Book equity -218.1k NOK → -1.10m NOK (equity ratio -2.9% → -25.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -25.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 15.70m NOK → 7.79m NOK (-50.4% YoY). Calculated