AHLQVIST AS: årsregnskap 2008 vs 2007
Shrank 9% on revenue, weaker earnings, cash halved-plus
approved 2009-05-15; registry 2009-07-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AHLQVIST AS. Revenue 1.55m NOK → 1.41m NOK (-9.1%). Net result +535.7k NOK → +227.8k NOK. Equity 947.8k NOK → 1 175 NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AHLQVIST AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.55m NOK to 1.41m NOK (-9.1% YoY). Calculated
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↓
Operating result weakened
Operating result +703.5k NOK → +404.4k NOK (op. margin 45.3% → 28.6%). Calculated
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↓
Net result weakened
Net result +535.7k NOK → +227.8k NOK (net margin 34.5% → 16.1%). Calculated
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↓
Equity eroded
Book equity 947.8k NOK → 1 175 NOK (equity ratio 57.1% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 1.61m NOK → 794.4k NOK (-50.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation