7N NORGE AS: årsregnskap 2008 vs 2007
Grew 105% on revenue
approved 2008-12-12; registry 2008-12-22
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 7N NORGE AS. Revenue 360.4k NOK → 740.6k NOK (+105.5%). Equity -843.3k NOK → -774.7k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for 7N NORGE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 360.4k NOK to 740.6k NOK (+105.5% YoY). Calculated
-
↑
Operating result improved
Operating result -923.3k NOK → -347.0k NOK (op. margin -256.2% → -46.8%). Calculated
-
↑
Equity strengthened
Book equity -843.3k NOK → -774.7k NOK (equity ratio -156.8% → -2295.9%). Calculated
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 389.52× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -2295.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 110 NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 1 987 NOK → 2.74m NOK (1% → 370% of revenue). Calculated