99X SOLUTIONS AS: årsregnskap 2008 vs 2007
Shrank 61% on revenue
approved 2009-06-30; registry 2009-09-21
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 99X SOLUTIONS AS. Revenue 611.4k NOK → 235.9k NOK (-61.4%). Equity 494.3k NOK → 296.7k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 99X SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.03× → 1.78×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 611.4k NOK to 235.9k NOK (-61.4% YoY). Calculated
-
↓
Equity eroded
Book equity 494.3k NOK → 296.7k NOK (equity ratio 447.7% → 48.7%). Calculated
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↓
Cash fell
Bank deposits 56.9k NOK → 52.1k NOK (-8.4% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 721.9k NOK → 1.15m NOK (118% → 486% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 94.3k NOK → 53.9k NOK. Reported fact