3ET MANAGEMENT AS: årsregnskap 2008 vs 2007
Shrank 88% on revenue, stronger earnings
approved 2009-04-30; registry 2009-07-01
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 3ET MANAGEMENT AS. Revenue 6.92m NOK → 833.6k NOK (-87.9%). Net result +49.5k NOK → +217.3k NOK. Equity 1 158 NOK → 1.48m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3ET MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +1 187 NOK → +1.02m NOK (op. margin 0.0% → 122.1%). Calculated
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↑
Net result improved
Net result +49.5k NOK → +217.3k NOK (net margin 0.7% → 26.1%). Calculated
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↑
Equity strengthened
Book equity 1 158 NOK → 1.48m NOK (equity ratio 0.0% → 31.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.92m NOK to 833.6k NOK (-87.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 7 335 NOK → 514.1k NOK. Reported fact