AD LAGUN AS: årsregnskap 2008 vs 2007
Grew 162% on revenue, weaker earnings
approved 2009-09-26; registry 2009-10-28
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AD LAGUN AS. Revenue 259.1k NOK → 679.0k NOK (+162.1%). Net result +210.2k NOK → +55.2k NOK. Equity 6.41m NOK → 460.7k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for AD LAGUN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 259.1k NOK to 679.0k NOK (+162.1% YoY). Calculated
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↑
Operating result improved
Operating result -1.07m NOK → +277.4k NOK (op. margin -411.6% → 40.9%). Calculated
What deteriorated
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↓
Net result weakened
Net result +210.2k NOK → +55.2k NOK (net margin 81.1% → 8.1%). Calculated
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↓
Equity eroded
Book equity 6.41m NOK → 460.7k NOK (equity ratio 62.2% → 5.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 582.8k NOK → 696.9k NOK (225% → 103% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 12 NOK → 358.5k NOK. Reported fact