Org.nr 980 093 344 2007 → 2008 Year-over-year analysis

AE FROGNER AS: årsregnskap 2008 vs 2007

Shrank 25% on revenue

approved 2009-06-25; registry 2009-08-10

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AE FROGNER AS. Revenue 766.4k NOK → 577.5k NOK (-24.6%). Equity -526.1k NOK → -681.2k NOK.

Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AE FROGNER AS.

At a glance

Revenue

766.4k NOK 577.5k NOK

-24.6%

Equity

-526.1k NOK -681.2k NOK

-29.5%

Total assets

2.73m NOK 2.44m NOK

-10.6%

↓
Revenue fell

Operating income / revenue moved from 766.4k NOK to 577.5k NOK (-24.6% YoY). Calculated
↓
Equity eroded

Book equity -526.1k NOK → -681.2k NOK (equity ratio -19.2% → -27.9%). Calculated
↓
Payroll up without matching revenue

Salary cost 61.4k NOK → 66.5k NOK (8% → 12% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -27.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation