Org.nr 970 985 832 2008 → 2009 Year-over-year analysis

AB LIFTUTLEIE AS: årsregnskap 2009 vs 2008

Shrank 22% on revenue, cash halved-plus

approved 2010-06-23; registry 2010-09-02; journal 2010 688338

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AB LIFTUTLEIE AS. Revenue 10.15m NOK → 7.94m NOK (-21.7%). Equity 3.46m NOK → 3.37m NOK.

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

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for AB LIFTUTLEIE AS.

At a glance

Revenue

10.15m NOK 7.94m NOK

-21.7%

Operating result

+967.6k NOK +18.3k NOK

-98.1%

Net result

+611.6k NOK n/m

—

Equity

3.46m NOK 3.37m NOK

-2.5%

Cash

17.49m NOK 488.6k NOK

-97.2%

Total assets

8.47m NOK 6.82m NOK

-19.5%

↑
Payroll decreased

Salary cost 2.00m NOK → 1.70m NOK (20% → 21% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 10.15m NOK to 7.94m NOK (-21.7% YoY). Calculated
↓
Operating result weakened

Operating result +967.6k NOK → +18.3k NOK (op. margin 9.5% → 0.2%). Calculated
↓
Equity eroded

Book equity 3.46m NOK → 3.37m NOK (equity ratio 40.8% → 49.5%). Calculated
↓
Cash fell

Bank deposits 17.49m NOK → 488.6k NOK (-97.2% YoY). Calculated
↓
COGS moved

COGS / varekostnad 2 347 NOK → 2.29m NOK (+97577.8% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (17.49m NOK → 488.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation