Org.nr 987 582 715 2007 → 2008 Year-over-year analysis

2020PARK AS: årsregnskap 2008 vs 2007

Grew 12% on revenue

approved 2009-06-17; registry 2009-08-25

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for 2020PARK AS. Revenue 20.50m NOK → 22.98m NOK (+12.1%). Equity 5.09m NOK → -6.95m NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; equity eroded.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 2020PARK AS.

At a glance

Revenue

20.50m NOK 22.98m NOK

+12.1%

Operating result

+10.20m NOK +5.57m NOK

-45.4%

Net result

n/m -12.04m NOK

—

Equity

5.09m NOK -6.95m NOK

-236.5%

Cash

8.56m NOK 13.86m NOK

+61.8%

Total assets

156.01m NOK 167.74m NOK

+7.5%

↑
Revenue rose

Operating income / revenue moved from 20.50m NOK to 22.98m NOK (+12.1% YoY). Calculated
↑
Cash rose

Bank deposits 8.56m NOK → 13.86m NOK (+61.8% YoY). Calculated

↓
Operating result weakened

Operating result +10.20m NOK → +5.57m NOK (op. margin 49.8% → 24.2%). Calculated
↓
Equity eroded

Book equity 5.09m NOK → -6.95m NOK (equity ratio 3.3% → -4.1%). Calculated

·
Thin equity buffer

Equity ratio is -4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 10.0k NOK → 32.3k NOK (0% → 0% of revenue). Calculated