FirmaIQ
Org.nr 980 430 596 2007 → 2008 Year-over-year analysis

ACHILLES INFORMATION AS: årsregnskap 2008 vs 2007

Shrank 12% on revenue

approved 2008-09-05; registry 2008-10-28

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ACHILLES INFORMATION AS. Revenue 25.20m NOK → 22.27m NOK (-11.6%). Equity 8.26m NOK → 3.21m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACHILLES INFORMATION AS.

At a glance

Scorecard

Revenue
25.20m NOK 22.27m NOK
-11.6%
Operating result
+1.93m NOK n/m
—
Net result
+1.45m NOK n/m
—
Equity
8.26m NOK 3.21m NOK
-61.1%
Cash
4.37m NOK 4.60m NOK
+5.3%
Total assets
25.99m NOK 19.53m NOK
-24.8%

What improved

  • ↑

    Cash rose

    Bank deposits 4.37m NOK → 4.60m NOK (+5.3% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 25.20m NOK to 22.27m NOK (-11.6% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 8.26m NOK → 3.21m NOK (equity ratio 31.8% → 16.5%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost -7.12m NOK → 7.08m NOK (-28% → 32% of revenue). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 4.66m NOK → 1.55m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 1.83m NOK → 1.13m NOK (-38.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 2.53m NOK → 3 051 NOK. Reported fact