ABYSSUS MARINE SERVICES AS: årsregnskap 2008 vs 2007
Shrank 95% on revenue, weaker earnings
approved 2009-10-07; registry 2009-10-21
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABYSSUS MARINE SERVICES AS. Revenue 5.14m NOK → 262.8k NOK (-94.9%). Net result +744.6k NOK → +474.0k NOK. Equity 262.8k NOK → 276.8k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABYSSUS MARINE SERVICES AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +65.6k NOK → +756.1k NOK (op. margin 1.3% → 287.7%). Calculated
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↑
Equity strengthened
Book equity 262.8k NOK → 276.8k NOK (equity ratio 11.0% → 11.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.14m NOK to 262.8k NOK (-94.9% YoY). Calculated
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↓
Net result weakened
Net result +744.6k NOK → +474.0k NOK (net margin 14.5% → 180.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 5 NOK → 1.81m NOK (0% → 689% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.11m NOK → 143.6k NOK (-87.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 810.6k NOK → 914.2k NOK. Reported fact