A&O SEAFOOD EXPORT AS: årsregnskap 2008 vs 2007
Grew 196186% on revenue, returned to profit, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A&O SEAFOOD EXPORT AS. Revenue 14.9k NOK → 29.16m NOK (+196185.5%). Net result -479.5k NOK → +544.0k NOK. Equity 468.5k NOK → 12.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A&O SEAFOOD EXPORT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 14.9k NOK to 29.16m NOK (+196185.5% YoY). Calculated
-
↑
Operating result improved
Operating result -592.9k NOK → +833.4k NOK (op. margin -3990.9% → 2.9%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 479.5k NOK to a profit of 544.0k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 468.5k NOK → 12.4k NOK (equity ratio 13614.5% → 0.2%). Calculated
-
↓
Cash fell
Bank deposits 110.7k NOK → 51.3k NOK (-53.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 4 932 NOK → 1.31m NOK (33% → 4% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 13.2k NOK → 21.84m NOK (+164805.5% YoY). Calculated