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Org.nr 962 367 593 2008 → 2009 Year-over-year analysis

AB ELEKTRISK AS: årsregnskap 2009 vs 2008

Shrank 50% on revenue, weaker earnings

approved 2010-06-30; registry 2010-08-30; journal 2010 659685

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AB ELEKTRISK AS. Revenue 5.60m NOK → 2.83m NOK (-49.6%). Net result +311.7k NOK → +35.5k NOK. Equity 543.6k NOK → 579.2k NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AB ELEKTRISK AS.

At a glance

Scorecard

Revenue
5.60m NOK 2.83m NOK
-49.6%
Operating result
+445.9k NOK +59.6k NOK
-86.6%
Net result
+311.7k NOK +35.5k NOK
-88.6%
Equity
543.6k NOK 579.2k NOK
+6.5%
Total assets
3.07m NOK 2.62m NOK
-14.7%

What improved

  • ↑

    Equity strengthened

    Book equity 543.6k NOK → 579.2k NOK (equity ratio 17.7% → 22.1%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.57m NOK → 1.36m NOK (28% → 48% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.60m NOK to 2.83m NOK (-49.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +445.9k NOK → +59.6k NOK (op. margin 8.0% → 2.1%). Calculated

  • ↓

    Net result weakened

    Net result +311.7k NOK → +35.5k NOK (net margin 5.6% → 1.3%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 2.77m NOK → 847.2k NOK (-69.4% YoY). Calculated