ABACOM AS: årsregnskap 2008 vs 2007
Shrank 11% on revenue, weaker earnings
approved 2009-09-22; registry 2009-10-14
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABACOM AS. Revenue 4.63m NOK → 4.12m NOK (-11.1%). Net result +328.1k NOK → +202.2k NOK. Equity 228.6k NOK → 430.8k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABACOM AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 228.6k NOK → 430.8k NOK (equity ratio 10.0% → 17.0%). Calculated
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↑
Payroll decreased
Salary cost 231.8k NOK → 36.0k NOK (5% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.63m NOK to 4.12m NOK (-11.1% YoY). Calculated
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↓
Net result weakened
Net result +328.1k NOK → +202.2k NOK (net margin 7.1% → 4.9%). Calculated
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↓
Cash fell
Bank deposits 147.6k NOK → 139.2k NOK (-5.6% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.78m NOK → 2.66m NOK (-4.3% YoY). Calculated