AK. GRIEG NORGE AS: årsregnskap 2008 vs 2007
Grew 86% on revenue
approved 2009-06-24; registry 2009-09-02
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AK. GRIEG NORGE AS. Revenue 222.4k NOK → 413.6k NOK (+85.9%). Equity -163.1k NOK → -200.3k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AK. GRIEG NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 222.4k NOK to 413.6k NOK (+85.9% YoY). Calculated
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↑
Operating result improved
Operating result -239.6k NOK → -36.4k NOK (op. margin -107.7% → -8.8%). Calculated
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↑
Payroll decreased
Salary cost 122.8k NOK → 49.6k NOK (55% → 12% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -163.1k NOK → -200.3k NOK (equity ratio -57.0% → -79.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -79.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.11m NOK → 74.2k NOK (-93.3% YoY). Calculated