A STEEN HOLDING AS: årsregnskap 2008 vs 2007
Weaker earnings, cash halved-plus
approved 2009-06-12; registry 2009-08-10
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A STEEN HOLDING AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +12.5k NOK → +1 231 NOK. Equity 5.11m NOK → 6.34m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A STEEN HOLDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +11.6k NOK → +44.5k NOK. Calculated
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↑
Equity strengthened
Book equity 5.11m NOK → 6.34m NOK (equity ratio 94.3% → 27.5%). Calculated
What deteriorated
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↓
Net result weakened
Net result +12.5k NOK → +1 231 NOK. Calculated
-
↓
Cash fell
Bank deposits 943.0k NOK → 443.1k NOK (-53.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.03× → 0.32× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 4.48m NOK → 20.86m NOK. Reported fact