ABO BYGG AS: årsregnskap 2008 vs 2007
Slipped into loss
approved 2009-08-11; registry 2009-08-31
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABO BYGG AS. Revenue 5.79m NOK → 5.65m NOK (-2.3%). Net result +733.6k NOK → -617.1k NOK. Equity 625.5k NOK → 8 385 NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABO BYGG AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 148.5k NOK → 960.9k NOK (+547.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.00m NOK → 5 NOK (69% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.79m NOK to 5.65m NOK (-2.3% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 733.6k NOK profit to a loss of 617.1k NOK. Calculated
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↓
Equity eroded
Book equity 625.5k NOK → 8 385 NOK (equity ratio 70.4% → 0.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 447.4k NOK → 100.2k NOK (-77.6% YoY). Calculated