ABO BYGG AS: årsregnskap 2009 vs 2008
Returned to profit, cash halved-plus
approved 2010-06-01; registry 2010-07-19; journal 2010 519214
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABO BYGG AS. Revenue 5.65m NOK → 5.84m NOK (+3.3%). Net result -617.1k NOK → +964.5k NOK. Equity 8 385 NOK → 972.9k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased; 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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↑
Revenue rose
Operating income / revenue moved from 5.65m NOK to 5.84m NOK (+3.3% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 617.1k NOK to a profit of 964.5k NOK. Calculated
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↑
Equity strengthened
Book equity 8 385 NOK → 972.9k NOK (equity ratio 0.4% → 29.7%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 960.9k NOK → 226.4k NOK (-76.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 5 NOK → 1.92m NOK (0% → 33% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 100.2k NOK → 47.0k NOK (-53.1% YoY). Calculated