4SUBSEA AS: årsregnskap 2008 vs 2007
Grew 8689% on revenue
approved 2009-04-24; registry 2009-05-25
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 4SUBSEA AS. Revenue 322.2k NOK → 28.32m NOK (+8689.4%). Equity 807.9k NOK → 890.8k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 4SUBSEA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 322.2k NOK to 28.32m NOK (+8689.4% YoY). Calculated
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↑
Equity strengthened
Book equity 807.9k NOK → 890.8k NOK (equity ratio 93.7% → 5.7%). Calculated
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↑
Cash rose
Bank deposits 467.5k NOK → 556.2k NOK (+19.0% YoY). Calculated
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Owners injected capital
Paid-in equity rose 805.0k NOK → 910.4k NOK (+105.4k NOK). Reported fact
Things to notice
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·
Thin equity buffer
Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 802 NOK → 15.3k NOK (0% → 0% of revenue). Calculated