ABSOLUTE BAR AS: årsregnskap 2008 vs 2007
Shrank 80% on revenue, weaker earnings
approved 2009-09-14; registry 2009-11-11
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABSOLUTE BAR AS. Revenue 355.4k NOK → 70.9k NOK (-80.0%). Net result -24.4k NOK → -229.0k NOK. Equity -575.1k NOK → -804.0k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSOLUTE BAR AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 355.4k NOK to 70.9k NOK (-80.0% YoY). Calculated
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↓
Operating result weakened
Operating result +30.3k NOK → -165.7k NOK (op. margin 8.5% → -233.6%). Calculated
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↓
Net result weakened
Net result -24.4k NOK → -229.0k NOK (net margin -6.9% → -322.9%). Calculated
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↓
Equity eroded
Book equity -575.1k NOK → -804.0k NOK (equity ratio -182.4% → -313.5%). Calculated
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↓
COGS moved
COGS / varekostnad 114.8k NOK → 120.3k NOK (+4.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -313.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation