ABACUS RATIO AS: årsregnskap 2008 vs 2007
Mixed movements in the accounts
approved 2009-06-30; registry 2009-09-23
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABACUS RATIO AS. Revenue 75.48m NOK → 76.37m NOK (+1.2%). Equity 5.95m NOK → 5.41m NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABACUS RATIO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 75.48m NOK to 76.37m NOK (+1.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.95m NOK → 5.41m NOK (equity ratio 20.0% → 23.1%). Calculated
-
↓
Cash fell
Bank deposits 908.0k NOK → 511.3k NOK (-43.7% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.65× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 11.84m NOK → 5.41m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 29.57m NOK → 36.94m NOK (39% → 48% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 34.27m NOK → 32.13m NOK (-6.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 6.46m NOK → 463.4k NOK. Reported fact