A.R. CONSULTING AS: årsregnskap 2008 vs 2007
Shrank 9% on revenue, stronger earnings
approved 2009-08-31; registry 2009-09-19
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A.R. CONSULTING AS. Revenue 7.64m NOK → 6.98m NOK (-8.6%). Net result +25.9k NOK → +1.83m NOK. Equity 206.1k NOK → 40.5k NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A.R. CONSULTING AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +25.9k NOK → +1.83m NOK (net margin 0.3% → 26.3%). Calculated
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Cash rose
Bank deposits 132.1k NOK → 400.4k NOK (+203.0% YoY). Calculated
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Payroll decreased
Salary cost 4.86m NOK → 4.72m NOK (64% → 68% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 7.64m NOK to 6.98m NOK (-8.6% YoY). Calculated
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↓
Equity eroded
Book equity 206.1k NOK → 40.5k NOK (equity ratio 8.2% → 0.6%). Calculated
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COGS moved
COGS / varekostnad 6 414 NOK → 292.2k NOK (+4455.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 480 NOK → 480.0k NOK. Reported fact