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Org.nr 984 735 227 2008 → 2009 Year-over-year analysis

AIBEL AS: årsregnskap 2009 vs 2008

Shrank 16% on revenue

approved 2010-06-29; registry 2010-08-04; journal 2010 569489

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AIBEL AS. Revenue 7.64bn NOK → 6.39bn NOK (-16.4%). Equity 823.56m NOK → 1.04bn NOK.

On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIBEL AS.

At a glance

Scorecard

Revenue
7.64bn NOK 6.39bn NOK
-16.4%
Operating result
+205 NOK +2 008 NOK
+879.5%
Net result
n/m +217.79m NOK
—
Equity
823.56m NOK 1.04bn NOK
+26.4%
Cash
215.83m NOK 120.59m NOK
-44.1%
Total assets
5.14bn NOK 4.65bn NOK
-9.6%

What improved

  • ↑

    Operating result improved

    Operating result +205 NOK → +2 008 NOK (op. margin 0.0% → 0.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 823.56m NOK → 1.04bn NOK (equity ratio 16.0% → 22.4%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 7.64bn NOK to 6.39bn NOK (-16.4% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 215.83m NOK → 120.59m NOK (-44.1% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.56bn NOK → 3.90bn NOK (34% → 61% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.77bn NOK → 273.19m NOK (-84.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 69.10m NOK → 61.71m NOK. Reported fact