3S EIENDOMS INVEST AS: årsregnskap 2008 vs 2007
Grew 7% on revenue, slipped into loss
approved 2009-06-17; registry 2009-08-17
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 3S EIENDOMS INVEST AS. Revenue 440.0k NOK → 469.6k NOK (+6.7%). Net result +440.0k NOK → -110.7k NOK. Equity 793.3k NOK → 682.5k NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 3S EIENDOMS INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 440.0k NOK to 469.6k NOK (+6.7% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 440.0k NOK profit to a loss of 110.7k NOK. Calculated
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↓
Equity eroded
Book equity 793.3k NOK → 682.5k NOK (equity ratio 18900.8% → 9.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 92.57× → 0.09× — 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 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 30.5k NOK → 213.7k NOK (+600.9% YoY). Calculated