FirmaIQ
Org.nr 989 502 581 2008 → 2009 Year-over-year analysis

AE RESTAURANTDRIFT AS: årsregnskap 2009 vs 2008

Shrank 16% on revenue, slipped into loss

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AE RESTAURANTDRIFT AS. Revenue 20.02m NOK → 16.82m NOK (-16.0%). Net result +784.9k NOK → -425.8k NOK. Equity 556.4k NOK → 130.5k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.

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

At a glance

Scorecard

Revenue
20.02m NOK 16.82m NOK
-16.0%
Net result
+784.9k NOK -425.8k NOK
-154.3%
Equity
556.4k NOK 130.5k NOK
-76.5%
Cash
2.16m NOK n/m
—
Total assets
4.26m NOK 2.91m NOK
-31.8%

What improved

  • ↑

    Payroll decreased

    Salary cost 7.61m NOK → 6.46m NOK (38% → 38% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 20.02m NOK to 16.82m NOK (-16.0% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 784.9k NOK profit to a loss of 425.8k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 556.4k NOK → 130.5k NOK (equity ratio 13.0% → 4.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 5.42m NOK → 4.53m NOK (-16.3% YoY). Calculated