AEX TRANSPORT AS: årsregnskap 2008 vs 2007
Grew 16% on revenue
approved 2009-06-30; registry 2009-09-16
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AEX TRANSPORT AS. Revenue 14.41m NOK → 16.76m NOK (+16.3%). Net result +394.9k NOK → +433.2k NOK. Equity 981.7k NOK → 164.9k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AEX TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.41m NOK to 16.76m NOK (+16.3% YoY). Calculated
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↑
Net result improved
Net result +394.9k NOK → +433.2k NOK (net margin 2.7% → 2.6%). Calculated
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↑
Payroll decreased
Salary cost 1.72m NOK → 1.40m NOK (12% → 8% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 981.7k NOK → 164.9k NOK (equity ratio 22.1% → 4.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 9.90m NOK → 12.35m NOK (+24.7% YoY). Calculated