88 INVEST AS: årsregnskap 2009 vs 2008
Shrank 65% on revenue, returned to profit, cash halved-plus
approved 2010-06-28; registry 2010-07-15; journal 2010 509945
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 88 INVEST AS. Revenue 144.7k NOK → 50.6k NOK (-65.0%). Net result -558.1k NOK → +3 850 NOK. Equity -536.9k NOK → -533.0k NOK.
On the constructive side: turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 88 INVEST AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 558.1k NOK to a profit of 3 850 NOK. Calculated
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↑
Equity strengthened
Book equity -536.9k NOK → -533.0k NOK (equity ratio -25.2% → -24.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 144.7k NOK to 50.6k NOK (-65.0% YoY). Calculated
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↓
Cash fell
Bank deposits 7 027 NOK → 3 387 NOK (-51.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 102.0k NOK → 27.1k NOK (-73.4% YoY). Calculated