ABSOLUTESKILLS AS: årsregnskap 2008 vs 2007
Shrank 64% on revenue, slipped into loss
approved 2009-06-15; registry 2009-08-25
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABSOLUTESKILLS AS. Revenue 1.28m NOK → 465.0k NOK (-63.7%). Net result +193.1k NOK → -283.4k NOK. Equity 1.22m NOK → 932.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
1.28m NOK
465.0k NOK
-63.7%
Operating result
+624.7k NOK
n/m
—
Net result
+193.1k NOK
-283.4k NOK
-246.7%
Equity
1.22m NOK
932.4k NOK
-23.3%
Cash
n/m
956.3k NOK
—
Total assets
1.54m NOK
1.16m NOK
-24.6%
What improved
-
↑
Payroll decreased
Salary cost 439.8k NOK → 1 138 NOK (34% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.28m NOK to 465.0k NOK (-63.7% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 193.1k NOK profit to a loss of 283.4k NOK. Calculated
-
↓
Equity eroded
Book equity 1.22m NOK → 932.4k NOK (equity ratio 78.7% → 80.1%). Calculated