A ULVESETH AS: årsregnskap 2008 vs 2007
Shrank 18% on revenue, weaker earnings
approved 2009-06-30; registry 2009-09-16
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A ULVESETH AS. Revenue 3.27m NOK → 2.69m NOK (-17.5%). Net result +1.31m NOK → +882.8k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A ULVESETH AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +108.1k NOK → +974.6k NOK (op. margin 3.3% → 36.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.27m NOK to 2.69m NOK (-17.5% YoY). Calculated
-
↓
Net result weakened
Net result +1.31m NOK → +882.8k NOK (net margin 40.0% → 32.8%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 89.4k NOK → 966.4k NOK (3% → 36% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 72.1k NOK → 2 500 NOK. Reported fact