ACCENDO PRODUKTUTVIKLING AS: årsregnskap 2008 vs 2007
Grew 37% on revenue, returned to profit
approved 2009-06-23; registry 2009-06-29
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACCENDO PRODUKTUTVIKLING AS. Revenue 370.2k NOK → 507.0k NOK (+36.9%). Net result -30.4k NOK → +2 009 NOK. Equity 290.4k NOK → -108.1k NOK.
On the constructive side: revenue rose; turned profitable; payroll decreased. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACCENDO PRODUKTUTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 370.2k NOK to 507.0k NOK (+36.9% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 30.4k NOK to a profit of 2 009 NOK. Calculated
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↑
Payroll decreased
Salary cost 416.1k NOK → 74.3k NOK (112% → 15% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -31.3k NOK → -386.1k NOK (op. margin -8.4% → -76.2%). Calculated
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↓
Equity eroded
Book equity 290.4k NOK → -108.1k NOK (equity ratio 58.4% → -70.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.10× → 0.71× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -70.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 124.7k NOK → 161.0k NOK (+29.1% YoY). Calculated