4S LIGHTING AS: årsregnskap 2008 vs 2007
Shrank 20% on revenue
approved 2009-08-26; registry 2009-09-03
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 4S LIGHTING AS. Revenue 804.5k NOK → 642.7k NOK (-20.1%). Equity -6.44m NOK → -5.98m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4S LIGHTING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -6.44m NOK → -5.98m NOK (equity ratio -2413.7% → -3648.8%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 804.5k NOK to 642.7k NOK (-20.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +755.7k NOK → +459.6k NOK (op. margin 93.9% → 71.5%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.33× → 0.19× — 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 -3648.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation