ADVICE MANAGEMENT CONSULTING AS: årsregnskap 2008 vs 2007
Grew 37% on revenue, returned to profit, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVICE MANAGEMENT CONSULTING AS. Revenue 1.77m NOK → 2.42m NOK (+36.8%). Net result -272.5k NOK → +332.0k NOK. Equity 231.1k NOK → 563.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVICE MANAGEMENT CONSULTING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.77m NOK to 2.42m NOK (+36.8% YoY). Calculated
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Operating result improved
Operating result +66.0k NOK → +458.7k NOK (op. margin 3.7% → 18.9%). Calculated
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Turned profitable
Net result flipped from a loss of 272.5k NOK to a profit of 332.0k NOK. Calculated
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Equity strengthened
Book equity 231.1k NOK → 563.2k NOK. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 623.8k NOK → 259.2k NOK (-58.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.73× → 0.18× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 1 131 NOK → 1.35m NOK (0% → 56% of revenue). Calculated
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COGS fell
COGS / varekostnad 325.0k NOK → 241.0k NOK (-25.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 449.7k NOK → 586.4k NOK. Reported fact