A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi: årsregnskap 2008 vs 2007
Cash halved-plus
approved 2009-05-04; registry 2009-08-31
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi. Revenue 592.8k NOK → 602.4k NOK (+1.6%). Net result +166.1k NOK → +167.9k NOK. Equity 945.2k NOK → 1 113 NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 592.8k NOK to 602.4k NOK (+1.6% YoY). Calculated
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↑
Operating result improved
Operating result +295.5k NOK → +444.6k NOK (op. margin 49.8% → 73.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 945.2k NOK → 1 113 NOK (equity ratio 12.3% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 107.49m NOK → 1 185 NOK (-100.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (107.49m NOK → 1 185 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2.77m NOK → 1.92m NOK. Reported fact