ABBOTT MEDICAL NORWAY AS: årsregnskap 2008 vs 2007
Grew 576352% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABBOTT MEDICAL NORWAY AS. Revenue 7 489 NOK → 43.17m NOK (+576351.9%). Net result -252.9k NOK → +417.5k NOK. Equity 152.9k NOK → 264.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABBOTT MEDICAL NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7 489 NOK to 43.17m NOK (+576351.9% YoY). Calculated
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Operating result improved
Operating result -249.2k NOK → +885.4k NOK (op. margin -3328.1% → 2.1%). Calculated
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Turned profitable
Net result flipped from a loss of 252.9k NOK to a profit of 417.5k NOK. Calculated
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Equity strengthened
Book equity 152.9k NOK → 264.7k NOK (equity ratio 72.5% → 3.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 754.2k NOK → 587.0k NOK (-22.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1 315 NOK → 6 442 NOK (18% → 0% of revenue). Calculated
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COGS moved
COGS / varekostnad 4 532 NOK → 28.90m NOK (+637660.7% YoY). Calculated