AB IMPORT AS: årsregnskap 2008 vs 2007
Shrank 63% on revenue, weaker earnings
approved 2009-06-30; registry 2009-09-12
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AB IMPORT AS. Revenue 437.7k NOK → 161.8k NOK (-63.0%). Net result +53.0k NOK → +26.7k NOK. Equity 90.0k NOK → 63.2k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AB IMPORT AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -44.4k NOK → -33.1k NOK (op. margin -10.1% → -20.5%). Calculated
-
↑
Cash rose
Bank deposits 101.0k NOK → 133.4k NOK (+32.1% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 437.7k NOK to 161.8k NOK (-63.0% YoY). Calculated
-
↓
Net result weakened
Net result +53.0k NOK → +26.7k NOK (net margin 12.1% → 16.5%). Calculated
-
↓
Equity eroded
Book equity 90.0k NOK → 63.2k NOK (equity ratio 26.9% → 17.1%). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 353.5k NOK → 159.0k NOK (-55.0% YoY). Calculated