3RIV AS: årsregnskap 2008 vs 2007
Shrank 34% on revenue, slipped into loss, cash halved-plus
approved 2009-09-04; registry 2009-09-17
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 3RIV AS. Revenue 22.5k NOK → 14.9k NOK (-34.0%). Net result +40.9k NOK → -164.9k NOK. Equity 859.0k NOK → 694.1k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 3RIV AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 22.5k NOK to 14.9k NOK (-34.0% YoY). Calculated
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Fell into a net loss
Net result flipped from 40.9k NOK profit to a loss of 164.9k NOK. Calculated
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↓
Equity eroded
Book equity 859.0k NOK → 694.1k NOK (equity ratio 3298.6% → 73.6%). Calculated
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↓
Cash fell
Bank deposits 14.0k NOK → 33 NOK (-99.8% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 713.6k NOK → 700.0k NOK — check capital reduction, conversion, or reclassification. Interpretation