88 INVEST AS: årsregnskap 2008 vs 2007
Cash halved-plus
approved 2009-06-17; registry 2009-06-23
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 88 INVEST AS. Revenue 144.7k NOK → 144.7k NOK (0.0%). Equity 21.3k NOK → -536.9k NOK.
Pressures included: equity eroded; cash fell; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 88 INVEST AS.
At a glance
Scorecard
Revenue
144.7k NOK
144.7k NOK
0.0%
Operating result
-66.0k NOK
n/m
—
Net result
n/m
-558.1k NOK
—
Equity
21.3k NOK
-536.9k NOK
-2625.7%
Cash
15.0k NOK
7 027 NOK
-53.2%
Total assets
6.25m NOK
2.13m NOK
-66.0%
What deteriorated
-
↓
Equity eroded
Book equity 21.3k NOK → -536.9k NOK (equity ratio 0.3% → -25.2%). Calculated
-
↓
Cash fell
Bank deposits 15.0k NOK → 7 027 NOK (-53.2% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 30.6k NOK → 102.0k NOK (+233.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -25.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation