ACTIVE GOLF AS: årsregnskap 2008 vs 2007
Grew 6% on revenue, stronger earnings
approved 2009-05-28; registry 2009-08-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACTIVE GOLF AS. Revenue 2.70m NOK → 2.85m NOK (+5.5%). Net result +28.7k NOK → +172.6k NOK. Equity 216.6k NOK → 389.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ACTIVE GOLF AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.70m NOK to 2.85m NOK (+5.5% YoY). Calculated
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Operating result improved
Operating result +33.2k NOK → +242.4k NOK (op. margin 1.2% → 8.5%). Calculated
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Net result improved
Net result +28.7k NOK → +172.6k NOK (net margin 1.1% → 6.0%). Calculated
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Equity strengthened
Book equity 216.6k NOK → 389.2k NOK (equity ratio 49.8% → 68.7%). Calculated
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Payroll decreased
Salary cost 706.9k NOK → 315.7k NOK (26% → 11% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 102.6k NOK → 55.1k NOK (-46.3% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 1.55m NOK → 1.87m NOK (+20.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 19.5k NOK → 34.5k NOK. Reported fact