FirmaIQ
Org.nr 819 731 322 2007 → 2008 Year-over-year analysis

NORGESGRUPPEN ASA: årsregnskap 2008 vs 2007

Shrank 99% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for NORGESGRUPPEN ASA. Revenue 241.02m NOK → 1.75m NOK (-99.3%). Net result +431.84m NOK → +649.74m NOK.

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

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORGESGRUPPEN ASA.

At a glance

Scorecard

Revenue
241.02m NOK 1.75m NOK
-99.3%
Operating result
+4.22m NOK +1.43bn NOK
+33729.0%
Net result
+431.84m NOK +649.74m NOK
+50.5%
Equity
3.35bn NOK n/m
—
Total assets
9.96bn NOK 12.81bn NOK
+28.6%

What improved

  • ↑

    Operating result improved

    Operating result +4.22m NOK → +1.43bn NOK (op. margin 1.8% → 81398.1%). Calculated

  • ↑

    Net result improved

    Net result +431.84m NOK → +649.74m NOK (net margin 179.2% → 37064.4%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 241.02m NOK to 1.75m NOK (-99.3% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 99.47m NOK → 3.15bn NOK (41% → 179661% of revenue). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.44bn NOK → 1.44bn NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 22.77m NOK → 104.28m NOK. Reported fact