Org.nr 944 763 317 2007 → 2008 Year-over-year analysis

A/S SCAN AFRICAN: årsregnskap 2008 vs 2007

Shrank 75% on revenue

approved 2009-06-30; registry 2009-08-22

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for A/S SCAN AFRICAN. Revenue 1.47m NOK → 364.9k NOK (-75.1%). Equity 2.75m NOK → 1.31m NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A/S SCAN AFRICAN.

At a glance

Revenue

1.47m NOK 364.9k NOK

-75.1%

Operating result

+470.0k NOK +24.7k NOK

-94.8%

Equity

2.75m NOK 1.31m NOK

-52.4%

Total assets

5.91m NOK 6.20m NOK

+4.9%

↓
Revenue fell

Operating income / revenue moved from 1.47m NOK to 364.9k NOK (-75.1% YoY). Calculated
↓
Operating result weakened

Operating result +470.0k NOK → +24.7k NOK (op. margin 32.1% → 6.8%). Calculated
↓
Equity eroded

Book equity 2.75m NOK → 1.31m NOK (equity ratio 46.6% → 21.1%). Calculated
↓
Payroll up without matching revenue

Salary cost 438.3k NOK → 510.2k NOK (30% → 140% of revenue). Calculated

·
Paid-in equity reduced

Paid-in equity fell 2.04m NOK → 120.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
·
Book investments changed

Investment / intangible book value 10.76m NOK → 11.00m NOK. Reported fact