88 INVEST AS: årsregnskap 2007 vs 2006
Shrank 61% on revenue, cash halved-plus
approved 2008-06-30; registry 2008-08-13
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for 88 INVEST AS. Revenue 373.2k NOK → 144.7k NOK (-61.2%). Equity 230.9k NOK → 21.3k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 88 INVEST AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 373.2k NOK to 144.7k NOK (-61.2% YoY). Calculated
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↓
Operating result weakened
Operating result +88.9k NOK → -66.0k NOK (op. margin 23.8% → -45.6%). Calculated
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↓
Equity eroded
Book equity 230.9k NOK → 21.3k NOK (equity ratio 4.4% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 31.4k NOK → 15.0k NOK (-52.2% YoY). 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
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COGS fell
COGS / varekostnad 161.3k NOK → 30.6k NOK (-81.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 723 NOK → 1.72m NOK. Reported fact