ACNIELSEN NORGE AS: årsregnskap 2008 vs 2007
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACNIELSEN NORGE AS. Revenue 156.10m NOK → 158.47m NOK (+1.5%). Net result +23.89m NOK → +16.75m NOK. Equity 41.64m NOK → 58.38m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACNIELSEN NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 156.10m NOK to 158.47m NOK (+1.5% YoY). Calculated
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↑
Operating result improved
Operating result +31.15m NOK → +37.37m NOK (op. margin 20.0% → 23.6%). Calculated
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↑
Equity strengthened
Book equity 41.64m NOK → 58.38m NOK (equity ratio 48.1% → 7.1%). Calculated
What deteriorated
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↓
Net result weakened
Net result +23.89m NOK → +16.75m NOK (net margin 15.3% → 10.6%). Calculated
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↓
Cash fell
Bank deposits 59.67m NOK → 33.96m NOK (-43.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.92× → 0.96× — 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 7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation