ADVICE REKLAMEBYRÅ AS: årsregnskap 2009 vs 2008
Shrank 47% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVICE REKLAMEBYRÅ AS. Revenue 657.0k NOK → 346.0k NOK (-47.3%). Net result +2 180 NOK → -127.2k NOK. Equity -14.5k NOK → -141.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
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 193.5k NOK → 163.2k NOK (29% → 47% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 657.0k NOK to 346.0k NOK (-47.3% YoY). Calculated
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↓
Operating result weakened
Operating result +12.7k NOK → -115.7k NOK (op. margin 1.9% → -33.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 2 180 NOK profit to a loss of 127.2k NOK. Calculated
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↓
Equity eroded
Book equity -14.5k NOK → -141.7k NOK (equity ratio -12.9% → -377.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -377.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 226.0k NOK → 179.9k NOK (-20.4% YoY). Calculated