A/S Skog: årsregnskap 2009 vs 2008
Shrank 13% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A/S Skog. Revenue 510.8k NOK → 442.5k NOK (-13.4%). Net result -47.3k NOK → +62.2k NOK. Equity 644.9k NOK → 707.1k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S Skog.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -28.2k NOK → -18.1k NOK (op. margin -5.5% → -4.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 47.3k NOK to a profit of 62.2k NOK. Calculated
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↑
Equity strengthened
Book equity 644.9k NOK → 707.1k NOK (equity ratio 68.7% → 77.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 510.8k NOK to 442.5k NOK (-13.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 123.0k NOK → 169.6k NOK (24% → 38% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 21.5k NOK → 23.7k NOK. Reported fact