A. VARHAUG HOLDING AS: årsregnskap 2008 vs 2007
Returned to profit
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A. VARHAUG HOLDING AS. Net result -180.5k NOK → +528.7k NOK. Equity 781.9k NOK → 2.31m NOK.
On the constructive side: turned profitable; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. VARHAUG HOLDING AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 180.5k NOK to a profit of 528.7k NOK. Calculated
-
↑
Equity strengthened
Book equity 781.9k NOK → 2.31m NOK (equity ratio 69259.7% → 454.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 348.1k NOK → 185.9k NOK (-46.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.44× → 0.41× — 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 253.9k NOK → 400.6k NOK. Reported fact