Org.nr 955 852 060 2007 → 2008 Year-over-year analysis

AB PROFILERING AS: årsregnskap 2008 vs 2007

Shrank 96% on revenue

approved 2009-07-30; registry 2009-08-25

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AB PROFILERING AS. Revenue 2.08m NOK → 78.3k NOK (-96.2%). Equity -543.2k NOK → -637.1k NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AB PROFILERING AS.

At a glance

Revenue

2.08m NOK 78.3k NOK

-96.2%

Operating result

n/m -17.6k NOK

—

Equity

-543.2k NOK -637.1k NOK

-17.3%

Cash

17.2k NOK 18.7k NOK

+9.0%

Total assets

678.0k NOK 244 NOK

-100.0%

↑
Cash rose

Bank deposits 17.2k NOK → 18.7k NOK (+9.0% YoY). Calculated
↑
Payroll decreased

Salary cost 382.8k NOK → -12.8k NOK (18% → -16% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.08m NOK to 78.3k NOK (-96.2% YoY). Calculated
↓
Equity eroded

Book equity -543.2k NOK → -637.1k NOK (equity ratio -80.1% → -261111.5%). Calculated

·
Thin equity buffer

Equity ratio is -261111.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 1.74m NOK → 32.1k NOK (-98.2% YoY). Calculated