ACCELERATE BRANDS AS: årsregnskap 2008 vs 2007
Shrank 73% on revenue, stronger earnings
approved 2009-06-30; registry 2009-07-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACCELERATE BRANDS AS. Revenue 952.5k NOK → 257.4k NOK (-73.0%). Net result +17.9k NOK → +160.4k NOK. Equity 131.0k NOK → 291.4k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACCELERATE BRANDS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +23.1k NOK → +206.4k NOK (op. margin 2.4% → 80.2%). Calculated
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Net result improved
Net result +17.9k NOK → +160.4k NOK (net margin 1.9% → 62.3%). Calculated
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Equity strengthened
Book equity 131.0k NOK → 291.4k NOK (equity ratio 32.4% → 3565.4%). Calculated
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Cash rose
Bank deposits 9 798 NOK → 454.8k NOK (+4542.1% YoY). Calculated
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Payroll decreased
Salary cost 5.13m NOK → 523.0k NOK (539% → 203% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 952.5k NOK to 257.4k NOK (-73.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.48× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 595.3k NOK → 393.6k NOK (-33.9% YoY). Calculated