A/S Rep-Rek: årsregnskap 2009 vs 2008
Shrank 12% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A/S Rep-Rek. Revenue 16.64m NOK → 14.62m NOK (-12.1%). Net result +381.0k NOK → +229.8k NOK. Equity 1.30m NOK → 6.93m NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A/S Rep-Rek.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +80.1k NOK → +488.7k NOK (op. margin 0.5% → 3.3%). Calculated
-
↑
Equity strengthened
Book equity 1.30m NOK → 6.93m NOK. Calculated
-
↑
Payroll decreased
Salary cost 7.42m NOK → 2 009 NOK (45% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 16.64m NOK to 14.62m NOK (-12.1% YoY). Calculated
-
↓
Net result weakened
Net result +381.0k NOK → +229.8k NOK (net margin 2.3% → 1.6%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 3.57m NOK → 3.25m NOK (-9.0% YoY). Calculated