ABELSNES INVEST AS: årsregnskap 2008 vs 2007
Another loss-making year
approved 2009-03-30; registry 2009-04-30
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABELSNES INVEST AS. Revenue 548.8k NOK → 529.2k NOK (-3.6%). Equity 764.4k NOK → 49.0k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABELSNES INVEST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +80.9k NOK → +126.6k NOK (op. margin 14.7% → 23.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 548.8k NOK to 529.2k NOK (-3.6% YoY). Calculated
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↓
Equity eroded
Book equity 764.4k NOK → 49.0k NOK (equity ratio 18.5% → 1.3%). Calculated
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↓
Cash fell
Bank deposits 102.5k NOK → 79.8k NOK (-22.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 8 159 NOK → 13.8k NOK (1% → 3% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 4.89m NOK → 843.0k NOK. Reported fact