ADMINISTRASJONSPARTNER AS: årsregnskap 2008 vs 2007
Shrank 29% on revenue, weaker earnings
approved 2009-06-20; registry 2009-12-14
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADMINISTRASJONSPARTNER AS. Revenue 797.8k NOK → 564.7k NOK (-29.2%). Net result +324.6k NOK → +187.9k NOK. Equity 495.6k NOK → 597.1k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADMINISTRASJONSPARTNER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 495.6k NOK → 597.1k NOK (equity ratio 133.5% → 70.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.42× → 7.90×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 797.8k NOK to 564.7k NOK (-29.2% YoY). Calculated
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↓
Operating result weakened
Operating result +457.8k NOK → +205.5k NOK (op. margin 57.4% → 36.4%). Calculated
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↓
Net result weakened
Net result +324.6k NOK → +187.9k NOK (net margin 40.7% → 33.3%). Calculated
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↓
Cash fell
Bank deposits 72.1k NOK → 60.2k NOK (-16.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 154 NOK → 152.5k NOK (0% → 27% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 66.7k NOK → 19.6k NOK (-70.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 159.3k NOK → 167.3k NOK. Reported fact