10X CAPITAL AS: årsregnskap 2008 vs 2007
Grew 59% on revenue
approved 2009-05-30; registry 2009-08-08
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 10X CAPITAL AS. Revenue 405.8k NOK → 647.1k NOK (+59.4%). Equity 64.0k NOK → -543 NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 10X CAPITAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 405.8k NOK to 647.1k NOK (+59.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 64.0k NOK → -543 NOK (equity ratio 40.8% → -0.6%). Calculated
-
↓
Cash fell
Bank deposits 137.8k NOK → 89.3k NOK (-35.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.51× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 55 NOK → 309.0k NOK (0% → 48% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 45.1k NOK → 59.8k NOK (+32.4% YoY). Calculated