FirmaIQ
Org.nr 977 058 228 2007 → 2008 Year-over-year analysis

ABRA FINANCE AS: årsregnskap 2008 vs 2007

Shrank 37% on revenue, slipped into loss

approved 2009-10-02; registry 2009-10-21

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ABRA FINANCE AS. Revenue 2.98m NOK → 1.87m NOK (-37.2%). Net result +43.1k NOK → -83.3k NOK. Equity 188.2k NOK → 104.9k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.98m NOK 1.87m NOK
-37.2%
Operating result
+90.4k NOK +9 091 NOK
-89.9%
Net result
+43.1k NOK -83.3k NOK
-293.1%
Equity
188.2k NOK 104.9k NOK
-44.3%
Total assets
771.5k NOK 581.8k NOK
-24.6%

What improved

  • ↑

    Payroll decreased

    Salary cost 2.01m NOK → 1.27m NOK (67% → 68% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.98m NOK to 1.87m NOK (-37.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +90.4k NOK → +9 091 NOK (op. margin 3.0% → 0.5%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 43.1k NOK profit to a loss of 83.3k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 188.2k NOK → 104.9k NOK (equity ratio 24.4% → 18.0%). Calculated