ABAS AS: årsregnskap 2008 vs 2007
Shrank 43% on revenue, stronger earnings
approved 2009-03-15; registry 2009-06-04
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABAS AS. Revenue 17.75m NOK → 10.14m NOK (-42.9%). Net result +541.0k NOK → +721.3k NOK. Equity 382.3k NOK → 2.10m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABAS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +541.0k NOK → +721.3k NOK (net margin 3.0% → 7.1%). Calculated
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↑
Equity strengthened
Book equity 382.3k NOK → 2.10m NOK (equity ratio 9.7% → 76.2%). Calculated
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↑
Cash rose
Bank deposits 524.5k NOK → 1.01m NOK (+93.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.75m NOK to 10.14m NOK (-42.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.24m NOK → 5.88m NOK (7% → 58% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 15.55m NOK → 7.48m NOK (-51.9% YoY). Calculated