ABRA AS: årsregnskap 2008 vs 2007
Grew 5% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABRA AS. Revenue 1.91m NOK → 2.01m NOK (+5.5%). Net result +2.57m NOK → +6.99m NOK. Equity 6.86m NOK → 13.85m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ABRA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.91m NOK to 2.01m NOK (+5.5% YoY). Calculated
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Operating result improved
Operating result +1.31m NOK → +1.40m NOK (op. margin 68.9% → 69.5%). Calculated
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Net result improved
Net result +2.57m NOK → +6.99m NOK (net margin 134.9% → 347.3%). Calculated
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Equity strengthened
Book equity 6.86m NOK → 13.85m NOK (equity ratio 50.2% → 75.2%). Calculated
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Current ratio back above 1×
Current ratio 0.36× → 1.60×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 896.9k NOK → 622.6k NOK (-30.6% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 79 NOK → 41.3k NOK (+52207.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 7.05m NOK → 8 106 NOK. Reported fact