Org.nr 930 664 758 2008 → 2009 Year-over-year analysis

A HILLESTAD AS: årsregnskap 2009 vs 2008

Shrank 14% on revenue, cash halved-plus

approved 2010-06-21; registry 2010-08-24; journal 2010 630854

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for A HILLESTAD AS. Revenue 27.5k NOK → 23.8k NOK (-13.6%). Equity 7.02m NOK → 6.58m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for A HILLESTAD AS.

At a glance

Revenue

27.5k NOK 23.8k NOK

-13.6%

Net result

n/m +504.79bn NOK

—

Equity

7.02m NOK 6.58m NOK

-6.3%

Cash

2.40m NOK 219.3k NOK

-90.9%

Total assets

8.15m NOK 7.92m NOK

-2.9%

↓
Revenue fell

Operating income / revenue moved from 27.5k NOK to 23.8k NOK (-13.6% YoY). Calculated
↓
Equity eroded

Book equity 7.02m NOK → 6.58m NOK (equity ratio 86.1% → 83.1%). Calculated
↓
Cash fell

Bank deposits 2.40m NOK → 219.3k NOK (-90.9% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 28.2k NOK → 1.41m NOK (102% → 5923% of revenue). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (2.40m NOK → 219.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation