ADVICE REKLAMEBYRÅ AS: årsregnskap 2008 vs 2007
Shrank 7% on revenue, weaker earnings
approved 2009-05-07; registry 2009-09-22
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVICE REKLAMEBYRÅ AS. Revenue 710.1k NOK → 657.0k NOK (-7.5%). Net result +57.3k NOK → +2 180 NOK. Equity 18.9k NOK → -14.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVICE REKLAMEBYRÅ AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 217.5k NOK → 193.5k NOK (31% → 29% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 710.1k NOK to 657.0k NOK (-7.5% YoY). Calculated
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↓
Operating result weakened
Operating result +68.9k NOK → +12.7k NOK (op. margin 9.7% → 1.9%). Calculated
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↓
Net result weakened
Net result +57.3k NOK → +2 180 NOK (net margin 8.1% → 0.3%). Calculated
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↓
Equity eroded
Book equity 18.9k NOK → -14.5k NOK (equity ratio 7.8% → -12.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 263.0k NOK → 226.0k NOK (-14.1% YoY). Calculated