ABYSS AS: årsregnskap 2008 vs 2007
Grew 25% on revenue, stronger earnings
approved 2009-06-30; registry 2009-07-28
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABYSS AS. Revenue 21.48m NOK → 26.88m NOK (+25.1%). Net result +50.2k NOK → +1.08m NOK. Equity 262.4k NOK → 846.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABYSS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 21.48m NOK to 26.88m NOK (+25.1% YoY). Calculated
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Operating result improved
Operating result +286.6k NOK → +494.5k NOK (op. margin 1.3% → 1.8%). Calculated
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Net result improved
Net result +50.2k NOK → +1.08m NOK (net margin 0.2% → 4.0%). Calculated
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Equity strengthened
Book equity 262.4k NOK → 846.4k NOK (equity ratio 3.7% → 7.4%). Calculated
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Cash rose
Bank deposits 180.5k NOK → 507.1k NOK (+180.9% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 600 NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 12.96m NOK → 13.76m NOK (60% → 51% of revenue). Calculated
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COGS moved
COGS / varekostnad 709.8k NOK → 745.4k NOK (+5.0% YoY). Calculated