A SANDBERG AS: årsregnskap 2009 vs 2008
Shrank 7% on revenue
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A SANDBERG AS. Revenue 27.54m NOK → 25.67m NOK (-6.8%). Equity 917.3k NOK → 100.9k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A SANDBERG AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +310.9k NOK → +423.4k NOK (op. margin 1.1% → 1.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 27.54m NOK to 25.67m NOK (-6.8% YoY). Calculated
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↓
Equity eroded
Book equity 917.3k NOK → 100.9k NOK (equity ratio 31.4% → 3.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 23.25m NOK → 21.33m NOK (-8.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 435.0k NOK → 484.4k NOK. Reported fact