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Org.nr 981 566 459 2008 → 2009 Year-over-year analysis

ABE STAR PARKETT AS: årsregnskap 2009 vs 2008

Shrank 45% on revenue, weaker earnings

approved 2010-06-30; registry 2010-09-07; journal 2010 719914

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ABE STAR PARKETT AS. Revenue 4.30m NOK → 2.36m NOK (-45.1%). Net result +425.0k NOK → +32.7k NOK. Equity 728.5k NOK → 761.2k NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABE STAR PARKETT AS.

At a glance

Scorecard

Revenue
4.30m NOK 2.36m NOK
-45.1%
Net result
+425.0k NOK +32.7k NOK
-92.3%
Equity
728.5k NOK 761.2k NOK
+4.5%
Cash
605.3k NOK 528.5k NOK
-12.7%
Total assets
2.08m NOK 1.26m NOK
-39.4%

What improved

  • ↑

    Equity strengthened

    Book equity 728.5k NOK → 761.2k NOK (equity ratio 35.1% → 60.5%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.56m NOK → 1.51m NOK (59% → 64% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.30m NOK to 2.36m NOK (-45.1% YoY). Calculated

  • ↓

    Net result weakened

    Net result +425.0k NOK → +32.7k NOK (net margin 9.9% → 1.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 605.3k NOK → 528.5k NOK (-12.7% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 406.3k NOK → 206.4k NOK (-49.2% YoY). Calculated