AVECTOR AS: årsregnskap 2008 vs 2007
Shrank 57% on revenue, weaker earnings
approved 2009-06-29; registry 2009-08-31
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AVECTOR AS. Revenue 200.0k NOK → 85.2k NOK (-57.4%). Net result +66.7k NOK → 0 NOK. Equity 895.3k NOK → 500.7k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
200.0k NOK
85.2k NOK
-57.4%
Operating result
+95.0k NOK
+1.22m NOK
+1188.3%
Net result
+66.7k NOK
0 NOK
-100.0%
Equity
895.3k NOK
500.7k NOK
-44.1%
Total assets
1.62m NOK
2.41m NOK
+48.3%
What improved
-
↑
Operating result improved
Operating result +95.0k NOK → +1.22m NOK (op. margin 47.5% → 1437.2%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 200.0k NOK to 85.2k NOK (-57.4% YoY). Calculated
-
↓
Net result weakened
Net result +66.7k NOK → 0 NOK (net margin 33.3% → 0.0%). Calculated
-
↓
Equity eroded
Book equity 895.3k NOK → 500.7k NOK (equity ratio 55.1% → 20.8%). Calculated