3 T BYGG HOLDING AS: årsregnskap 2008 vs 2007
Cash halved-plus
approved 2009-06-30; registry 2009-08-31
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 3 T BYGG HOLDING AS. Revenue 4.79m NOK → 4.72m NOK (-1.4%). Equity 84.1k NOK → -139.5k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3 T BYGG HOLDING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.79m NOK to 4.72m NOK (-1.4% YoY). Calculated
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↓
Equity eroded
Book equity 84.1k NOK → -139.5k NOK (equity ratio 20.3% → -21.3%). Calculated
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↓
Cash fell
Bank deposits 50.7k NOK → 24.7k NOK (-51.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.11× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 38.5k NOK → 1.05m NOK (1% → 22% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -21.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 4.56m NOK → 3.19m NOK (-30.0% YoY). Calculated