AC DESIGNTECH AS: årsregnskap 2008 vs 2007
Shrank 95% on revenue, slipped into loss
approved 2009-05-31; registry 2009-06-30
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AC DESIGNTECH AS. Revenue 819.3k NOK → 44.0k NOK (-94.6%). Net result +63.4k NOK → -83.64bn NOK. Equity 190.7k NOK → 107.0k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 22.1k NOK → 76.9k NOK (+247.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 288.7k NOK → 34.7k NOK (35% → 79% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 819.3k NOK to 44.0k NOK (-94.6% YoY). Calculated
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↓
Operating result weakened
Operating result +84.8k NOK → -106.73bn NOK (op. margin 10.4% → -242570702.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 63.4k NOK profit to a loss of 83.64bn NOK. Calculated
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↓
Equity eroded
Book equity 190.7k NOK → 107.0k NOK (equity ratio 45.3% → 34.6%). Calculated