FirmaIQ
Org.nr 982 428 645 2007 → 2008 Year-over-year analysis

AB SNEKKERN AS: årsregnskap 2008 vs 2007

Grew 13% on revenue, cash halved-plus

approved 2009-09-07; registry 2009-09-19

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AB SNEKKERN AS. Revenue 9.10m NOK → 10.32m NOK (+13.4%). Equity 2.04m NOK → 1.95m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for AB SNEKKERN AS.

At a glance

Scorecard

Revenue
9.10m NOK 10.32m NOK
+13.4%
Net result
n/m +908.5k NOK
—
Equity
2.04m NOK 1.95m NOK
-4.5%
Cash
962.4k NOK 229.6k NOK
-76.1%
Total assets
4.94m NOK 5.34m NOK
+8.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.10m NOK to 10.32m NOK (+13.4% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 2.04m NOK → 1.95m NOK (equity ratio 41.4% → 36.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 962.4k NOK → 229.6k NOK (-76.1% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.07× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4.26m NOK → 6.39m NOK (47% → 62% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 1.59m NOK → 1.04m NOK (-34.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 82.3k NOK → 3 377 NOK. Reported fact