A.L. HØYER AS: årsregnskap 2009 vs 2008
Weaker earnings
approved 2010-06-22; registry 2010-07-28; journal 2010 555588
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A.L. HØYER AS. Revenue 26.69m NOK → 26.84m NOK (+0.5%). Net result +1.60m NOK → +1.09m NOK. Equity 1.59m NOK → 2.68m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for A.L. HØYER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 26.69m NOK to 26.84m NOK (+0.5% YoY). Calculated
-
↑
Equity strengthened
Book equity 1.59m NOK → 2.68m NOK (equity ratio 17.6% → 35.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2.26m NOK → +324.7k NOK (op. margin 8.4% → 1.2%). Calculated
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↓
Net result weakened
Net result +1.60m NOK → +1.09m NOK (net margin 6.0% → 4.1%). Calculated
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↓
Cash fell
Bank deposits 4.76m NOK → 4.33m NOK (-9.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 12.33m NOK (0% → 46% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 11.13m NOK → 10.68m NOK (-4.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4 500 NOK → 281.6k NOK. Reported fact