AIC HOLDING AS: årsregnskap 2008 vs 2007
Shrank 58% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AIC HOLDING AS. Revenue 3.05m NOK → 1.29m NOK (-57.8%). Net result +72.0k NOK → +6.63m NOK. Equity 15.00m NOK → 8.37m NOK.
On the constructive side: net result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIC HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +72.0k NOK → +6.63m NOK (net margin 2.4% → 515.9%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.32× → 1.15×. Calculated
-
↑
Payroll decreased
Salary cost 5.40m NOK → 2.62m NOK (177% → 204% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.05m NOK to 1.29m NOK (-57.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +4 504 NOK → +3 222 NOK (op. margin 0.1% → 0.3%). Calculated
-
↓
Equity eroded
Book equity 15.00m NOK → 8.37m NOK (equity ratio 23.0% → 86.3%). Calculated
-
↓
COGS moved
COGS / varekostnad 112.9k NOK → 216.9k NOK (+92.2% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 7.23m NOK → 4.69m NOK. Reported fact