ABC STORMARKED AS: årsregnskap 2008 vs 2007
Shrank 24% on revenue
approved 2009-06-30; registry 2009-09-03
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABC STORMARKED AS. Revenue 5.56m NOK → 4.24m NOK (-23.8%). Equity 2.62m NOK → -128.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC STORMARKED AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 1.66m NOK → 1.14m NOK (30% → 27% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.56m NOK to 4.24m NOK (-23.8% YoY). Calculated
-
↓
Equity eroded
Book equity 2.62m NOK → -128.4k NOK (equity ratio 8.2% → -1.5%). Calculated
-
↓
Cash fell
Bank deposits 1.85m NOK → 1.02m NOK (-45.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 7.34× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 2.29m NOK → 2.56m NOK (+12.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation