A/S Longvafisk: årsregnskap 2008 vs 2007
Shrank 20% on revenue, fresh owner capital
approved 2009-08-26; registry 2009-09-05
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A/S Longvafisk. Revenue 13.67m NOK → 10.89m NOK (-20.4%). Equity -415.8k NOK → -353.5k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Longvafisk.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -415.8k NOK → -353.5k NOK (equity ratio -20.5% → -21.2%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 13.67m NOK to 10.89m NOK (-20.4% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.11m NOK → 1.34m NOK (8% → 12% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 316.1k NOK → 8.79m NOK (+2681.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -21.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation