ACRYLICON INDUSTRIGULV AS: årsregnskap 2008 vs 2007
Grew 168% on revenue, weaker earnings
approved 2009-03-04; registry 2009-03-11
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACRYLICON INDUSTRIGULV AS. Revenue 20.40m NOK → 54.66m NOK (+167.9%). Net result +870.2k NOK → +528.2k NOK. Equity 262.9k NOK → 791.1k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACRYLICON INDUSTRIGULV AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.40m NOK to 54.66m NOK (+167.9% YoY). Calculated
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↑
Operating result improved
Operating result +320.4k NOK → +7.75m NOK (op. margin 1.6% → 14.2%). Calculated
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↑
Equity strengthened
Book equity 262.9k NOK → 791.1k NOK (equity ratio 5.5% → 3.4%). Calculated
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↑
Cash rose
Bank deposits 251.7k NOK → 260.8k NOK (+3.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +870.2k NOK → +528.2k NOK (net margin 4.3% → 1.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 007 NOK → 18.20m NOK (0% → 33% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 7.66m NOK → 21.59m NOK (+181.8% YoY). Calculated