ABEL DIGITAL SECURITY AS: årsregnskap 2008 vs 2007
Shrank 80% on revenue
approved 2009-03-25; registry 2009-06-29
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABEL DIGITAL SECURITY AS. Revenue 2.90m NOK → 585.3k NOK (-79.8%). Equity 1.01m NOK → 84.6k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
2.90m NOK
585.3k NOK
-79.8%
Operating result
+391.6k NOK
n/m
—
Net result
+384.2k NOK
n/m
—
Equity
1.01m NOK
84.6k NOK
-91.6%
Cash
221.9k NOK
304.9k NOK
+37.4%
Total assets
1.61m NOK
747.3k NOK
-53.5%
What improved
-
↑
Cash rose
Bank deposits 221.9k NOK → 304.9k NOK (+37.4% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.90m NOK to 585.3k NOK (-79.8% YoY). Calculated
-
↓
Equity eroded
Book equity 1.01m NOK → 84.6k NOK (equity ratio 62.6% → 11.3%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.63m NOK → 6.62m NOK (56% → 1131% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 9 123 NOK → 242.9k NOK (+2562.2% YoY). Calculated