A STAKE AS: årsregnskap 2008 vs 2007
Grew 8% on revenue, cash halved-plus
approved 2009-04-29; registry 2009-05-05
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A STAKE AS. Revenue 5.26m NOK → 5.69m NOK (+8.0%). Equity 278.7k NOK → -398.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for A STAKE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.26m NOK to 5.69m NOK (+8.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -231.9k NOK → -673.1k NOK (op. margin -4.4% → -11.8%). Calculated
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↓
Equity eroded
Book equity 278.7k NOK → -398.8k NOK (equity ratio 112.2% → -70.1%). Calculated
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↓
Cash fell
Bank deposits 113.9k NOK → 35.2k NOK (-69.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -70.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 278.7k NOK → 260.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 2.01m NOK → 2.18m NOK (38% → 38% of revenue). Calculated