A HØIBO AS: årsregnskap 2008 vs 2007
Grew 37% on revenue, returned to profit
approved 2009-02-20; registry 2009-03-11
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A HØIBO AS. Revenue 18.90m NOK → 25.81m NOK (+36.5%). Net result -22.0k NOK → +1.36m NOK. Equity 754.4k NOK → 112.5k NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A HØIBO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 18.90m NOK to 25.81m NOK (+36.5% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 22.0k NOK to a profit of 1.36m NOK. Calculated
-
↑
Cash rose
Bank deposits 5.83m NOK → 8.05m NOK (+38.0% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 754.4k NOK → 112.5k NOK (equity ratio 6.1% → 0.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.57m NOK → 2.89m NOK (14% → 11% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 12.26m NOK → 15.98m NOK (+30.4% YoY). Calculated