Org.nr 950 831 723 2007 → 2008 Year-over-year analysis

4 LIKE AS: årsregnskap 2008 vs 2007

Weaker earnings, cash halved-plus

approved 2009-11-10; registry 2009-12-30

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for 4 LIKE AS. Net result -26.9k NOK → -2.70m NOK. Equity 2.47m NOK → -230.8k NOK.

Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 4 LIKE AS.

At a glance

Revenue

2 500 NOK n/m

—

Net result

-26.9k NOK -2.70m NOK

-9922.1%

Equity

2.47m NOK -230.8k NOK

-109.3%

Cash

3 875 NOK 354 NOK

-90.9%

Total assets

2.75m NOK 354 NOK

-100.0%

↓
Net result weakened

Net result -26.9k NOK → -2.70m NOK. Calculated
↓
Equity eroded

Book equity 2.47m NOK → -230.8k NOK (equity ratio 89.9% → -65185.9%). Calculated
↓
Cash fell

Bank deposits 3 875 NOK → 354 NOK (-90.9% YoY). Calculated

·
Thin equity buffer

Equity ratio is -65185.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Book investments changed

Investment / intangible book value 2.19m NOK → 2 191 NOK. Reported fact