621 GT HOLDING AS: årsregnskap 2008 vs 2007
Weaker earnings, cash halved-plus, fresh owner capital
approved 2009-04-30; registry 2009-10-12
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 621 GT HOLDING AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -15.8k NOK → -5.90m NOK. Equity 94.5k NOK → 132.62m NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 621 GT HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 94.5k NOK → 132.62m NOK (equity ratio 100.0% → 99.6%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 96.7k NOK → 96.76m NOK (+96.66m NOK). Reported fact
What deteriorated
-
↓
Net result weakened
Net result -15.8k NOK → -5.90m NOK. Calculated
-
↓
Cash fell
Bank deposits 110.2k NOK → 50.0k NOK (-54.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 11.02× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 94.4k NOK → 130.16m NOK. Reported fact