ABL GROUP NORWAY AS: årsregnskap 2008 vs 2007
Shrank 28% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABL GROUP NORWAY AS. Revenue 22.10m NOK → 15.99m NOK (-27.6%). Net result +5.61m NOK → +4.00m NOK. Equity 1.57m NOK → 1.09m NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 1.05m NOK → 1.11m NOK (+59.1k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 22.10m NOK to 15.99m NOK (-27.6% YoY). Calculated
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↓
Operating result weakened
Operating result +7.92m NOK → +5.12m NOK (op. margin 35.8% → 32.0%). Calculated
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↓
Net result weakened
Net result +5.61m NOK → +4.00m NOK (net margin 25.4% → 25.0%). Calculated
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↓
Equity eroded
Book equity 1.57m NOK → 1.09m NOK. Calculated
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↓
Cash fell
Bank deposits 11.45m NOK → 7.60m NOK (-33.7% YoY). Calculated