A/S Fougstad gate 22: årsregnskap 2008 vs 2007
Grew 550% on revenue, cash halved-plus
approved 2009-05-26; registry 2009-08-10
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A/S Fougstad gate 22. Revenue 173.0k NOK → 1.12m NOK (+550.2%). Equity 685.0k NOK → 565.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Fougstad gate 22.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 173.0k NOK to 1.12m NOK (+550.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +484.4k NOK → +81.8k NOK (op. margin 280.0% → 7.3%). Calculated
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↓
Equity eroded
Book equity 685.0k NOK → 565.7k NOK (equity ratio 9.3% → 8.0%). Calculated
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↓
Cash fell
Bank deposits 393.4k NOK → 134.6k NOK (-65.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation