Org.nr 957 997 392 2007 → 2008 Year-over-year analysis

ACHILLES FINANS AS: årsregnskap 2008 vs 2007

Shrank 85% on revenue

approved 2009-06-15; registry 2009-09-08

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ACHILLES FINANS AS. Revenue 1.43m NOK → 214.6k NOK (-85.0%). Equity 21.40m NOK → 3.77m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ACHILLES FINANS AS.

At a glance

Revenue

1.43m NOK 214.6k NOK

-85.0%

Operating result

+611.2k NOK -568.9k NOK

-193.1%

Equity

21.40m NOK 3.77m NOK

-82.4%

Total assets

47.43m NOK 29.98m NOK

-36.8%

↑
Payroll decreased

Salary cost 1.64m NOK → 637.5k NOK (114% → 297% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.43m NOK to 214.6k NOK (-85.0% YoY). Calculated
↓
Operating result weakened

Operating result +611.2k NOK → -568.9k NOK (op. margin 42.7% → -265.2%). Calculated
↓
Equity eroded

Book equity 21.40m NOK → 3.77m NOK (equity ratio 45.1% → 12.6%). Calculated

·
Paid-in equity reduced

Paid-in equity fell 105.0k NOK → 150 NOK — check capital reduction, conversion, or reclassification. Interpretation