FirmaIQ
Org.nr 937 665 660 2008 → 2009 Year-over-year analysis

A. WESTRE AS: årsregnskap 2009 vs 2008

Shrank 9% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for A. WESTRE AS. Revenue 39.59m NOK → 35.96m NOK (-9.2%). Equity 3.61m NOK → 2.32m NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for A. WESTRE AS.

At a glance

Scorecard

Revenue
39.59m NOK 35.96m NOK
-9.2%
Operating result
+2 371 NOK +666.7k NOK
+28021.0%
Equity
3.61m NOK 2.32m NOK
-35.7%
Total assets
18.17m NOK 16.72m NOK
-8.0%

What improved

  • ↑

    Operating result improved

    Operating result +2 371 NOK → +666.7k NOK (op. margin 0.0% → 1.9%). Calculated

  • ↑

    Payroll decreased

    Salary cost 13.82m NOK → 11.37m NOK (35% → 32% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 39.59m NOK to 35.96m NOK (-9.2% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 3.61m NOK → 2.32m NOK (equity ratio 19.9% → 13.9%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.09× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    COGS moved

    COGS / varekostnad 14.81m NOK → 14.90m NOK (+0.6% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.10m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation