ABSTRAKT FORLAG AS: årsregnskap 2009 vs 2008
Weaker earnings
approved 2010-06-15; registry 2010-09-04; journal 2010 699060
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ABSTRAKT FORLAG AS. Revenue 6.55m NOK → 6.60m NOK (+0.8%). Net result +871.3k NOK → +608.4k NOK. Equity 829.7k NOK → 438.1k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ABSTRAKT FORLAG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.55m NOK to 6.60m NOK (+0.8% YoY). Calculated
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↑
Cash rose
Bank deposits 177.2k NOK → 688.5k NOK (+288.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +954.4k NOK → +911.0k NOK (op. margin 14.6% → 13.8%). Calculated
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↓
Net result weakened
Net result +871.3k NOK → +608.4k NOK (net margin 13.3% → 9.2%). Calculated
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↓
Equity eroded
Book equity 829.7k NOK → 438.1k NOK (equity ratio 26.0% → 10.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.26× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.22m NOK → 1.59m NOK (19% → 24% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 2.21m NOK → 1.53m NOK (-30.9% YoY). Calculated