Org.nr 968 185 683 2007 → 2008 Year-over-year analysis

ABMELBY AS: årsregnskap 2008 vs 2007

Shrank 54% on revenue, cash halved-plus

approved 2009-06-29; registry 2009-09-12

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ABMELBY AS. Revenue 4.88m NOK → 2.25m NOK (-53.8%). Equity 535.3k NOK → 801.2k NOK.

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

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

At a glance

Revenue

4.88m NOK 2.25m NOK

-53.8%

Operating result

+584.2k NOK +367.0k NOK

-37.2%

Net result

+421.3k NOK n/m

—

Equity

535.3k NOK 801.2k NOK

+49.7%

Cash

542.3k NOK 50.9k NOK

-90.6%

Total assets

986.6k NOK 56.7k NOK

-94.2%

↑
Equity strengthened

Book equity 535.3k NOK → 801.2k NOK (equity ratio 54.3% → 1411.8%). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.88m NOK to 2.25m NOK (-53.8% YoY). Calculated
↓
Operating result weakened

Operating result +584.2k NOK → +367.0k NOK (op. margin 12.0% → 16.3%). Calculated
↓
Cash fell

Bank deposits 542.3k NOK → 50.9k NOK (-90.6% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.47× → 0.27× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
COGS fell

COGS / varekostnad 686.5k NOK → 273.6k NOK (-60.1% YoY). Calculated