AC-SUNCARE INSTITUTE AS: årsregnskap 2008 vs 2007
Grew 672% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AC-SUNCARE INSTITUTE AS. Revenue 78.1k NOK → 602.6k NOK (+671.5%). Net result +15.3k NOK → +490.9k NOK. Equity 7 005 NOK → 497.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AC-SUNCARE INSTITUTE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 78.1k NOK to 602.6k NOK (+671.5% YoY). Calculated
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Operating result improved
Operating result +4 473 NOK → +474.9k NOK (op. margin 5.7% → 78.8%). Calculated
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Net result improved
Net result +15.3k NOK → +490.9k NOK (net margin 19.6% → 81.5%). Calculated
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Equity strengthened
Book equity 7 005 NOK → 497.9k NOK (equity ratio 0.8% → 56.6%). Calculated
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Current ratio back above 1×
Current ratio 0.97× → 2.29×. Calculated
Things to notice
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Payroll increased
Salary cost 450.0k NOK → 473.8k NOK (576% → 79% of revenue). Calculated
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COGS fell
COGS / varekostnad 281.2k NOK → 187.8k NOK (-33.2% YoY). Calculated