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Org.nr 912 240 207 2007 → 2008 Year-over-year analysis

AGNAR HAGEN AS: årsregnskap 2008 vs 2007

Shrank 8% on revenue, stronger earnings

approved 2009-06-17; registry 2009-08-22

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AGNAR HAGEN AS. Revenue 29.08m NOK → 26.77m NOK (-7.9%). Net result +1 948 NOK → +951.6k NOK. Equity 4.85m NOK → 3.80m NOK.

On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AGNAR HAGEN AS.

At a glance

Scorecard

Revenue
29.08m NOK 26.77m NOK
-7.9%
Operating result
+3.19m NOK +1.80m NOK
-43.8%
Net result
+1 948 NOK +951.6k NOK
+48752.2%
Equity
4.85m NOK 3.80m NOK
-21.6%
Cash
282.0k NOK 229.1k NOK
-18.8%
Total assets
16.73m NOK 16.89m NOK
+1.0%

What improved

  • ↑

    Net result improved

    Net result +1 948 NOK → +951.6k NOK (net margin 0.0% → 3.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 29.08m NOK to 26.77m NOK (-7.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.19m NOK → +1.80m NOK (op. margin 11.0% → 6.7%). Calculated

  • ↓

    Equity eroded

    Book equity 4.85m NOK → 3.80m NOK (equity ratio 29.0% → 22.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 282.0k NOK → 229.1k NOK (-18.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 6.31m NOK → 6.56m NOK (22% → 25% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 16.17m NOK → 15.02m NOK (-7.1% YoY). Calculated