5 X H MOTE NATIONAL AS: årsregnskap 2008 vs 2007
Returned to profit
approved 2009-08-27; registry 2009-09-05
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 5 X H MOTE NATIONAL AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -10.7k NOK → +655.1k NOK. Equity 396.0k NOK → 551 NOK.
On the constructive side: turned profitable; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 5 X H MOTE NATIONAL AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 10.7k NOK to a profit of 655.1k NOK. Calculated
-
↑
Cash rose
Bank deposits 158.6k NOK → 569.9k NOK (+259.2% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 396.0k NOK → 551 NOK (equity ratio 52.8% → 0.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 520.6k NOK → 639.8k NOK. Reported fact