ABBEDISSEN BEGRAVELSESBYRÅ AS: årsregnskap 2008 vs 2007
Grew 34% on revenue, weaker earnings
approved 2009-01-26; registry 2009-08-19
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABBEDISSEN BEGRAVELSESBYRÅ AS. Revenue 6.80m NOK → 9.09m NOK (+33.6%). Net result +949.7k NOK → +395.8k NOK. Equity 718.7k NOK → 214.4k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABBEDISSEN BEGRAVELSESBYRÅ AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.80m NOK to 9.09m NOK (+33.6% YoY). Calculated
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↑
Operating result improved
Operating result +1.31m NOK → +1.87m NOK (op. margin 19.3% → 20.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.89× → 1.11×. Calculated
What deteriorated
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↓
Net result weakened
Net result +949.7k NOK → +395.8k NOK (net margin 14.0% → 4.4%). Calculated
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↓
Equity eroded
Book equity 718.7k NOK → 214.4k NOK (equity ratio 134.9% → 5.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 1.90m NOK → 2.31m NOK (+21.4% YoY). Calculated