AD-GROUP AS: årsregnskap 2008 vs 2007
Shrank 61% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AD-GROUP AS. Revenue 409.6k NOK → 158.9k NOK (-61.2%). Net result +64.9k NOK → -394.7k NOK. Equity 938.1k NOK → 580.4k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AD-GROUP AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 532.5k NOK → 569.5k NOK (+37.0k NOK). Reported fact
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Payroll decreased
Salary cost 232.8k NOK → 8 600 NOK (57% → 5% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 409.6k NOK to 158.9k NOK (-61.2% YoY). Calculated
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↓
Operating result weakened
Operating result +21.4k NOK → +11.1k NOK (op. margin 5.2% → 7.0%). Calculated
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Fell into a net loss
Net result flipped from 64.9k NOK profit to a loss of 394.7k NOK. Calculated
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↓
Equity eroded
Book equity 938.1k NOK → 580.4k NOK (equity ratio 49.8% → 30.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 31.5k NOK → 19.2k NOK (-39.0% YoY). Calculated