ABS SHOOTING AS: årsregnskap 2008 vs 2007
Grew 61% on revenue, weaker earnings, cash halved-plus
approved 2009-03-13; registry 2009-03-24
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABS SHOOTING AS. Revenue 4.21m NOK → 6.76m NOK (+60.6%). Net result +348.8k NOK → +2 008 NOK. Equity 548.8k NOK → 61.4k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABS SHOOTING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.21m NOK to 6.76m NOK (+60.6% YoY). Calculated
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↑
Operating result improved
Operating result +505.5k NOK → +756.3k NOK (op. margin 12.0% → 11.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 16.25×. Calculated
What deteriorated
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↓
Net result weakened
Net result +348.8k NOK → +2 008 NOK (net margin 8.3% → 0.0%). Calculated
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↓
Equity eroded
Book equity 548.8k NOK → 61.4k NOK (equity ratio 31.7% → 2.3%). Calculated
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↓
Cash fell
Bank deposits 492.3k NOK → 77.4k NOK (-84.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1 328 NOK → 436.6k NOK (0% → 6% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3 026 NOK → 5.13m NOK (+169405.8% YoY). Calculated