A2 DRIFT AS: årsregnskap 2008 vs 2007
Weaker earnings, fresh owner capital
approved 2009-06-30; registry 2009-09-08
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A2 DRIFT AS. Net result -30.9k NOK → -71.2k NOK. Equity 69.2k NOK → 597.9k NOK.
On the constructive side: operating result improved; equity strengthened; owners injected capital. Pressures included: net result weakened; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A2 DRIFT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -10.0k NOK → +53.6k NOK. Calculated
-
↑
Equity strengthened
Book equity 69.2k NOK → 597.9k NOK (equity ratio 6063.1% → 7.0%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 100.0k NOK → 597.9k NOK (+497.9k NOK). Reported fact
What deteriorated
-
↓
Net result weakened
Net result -30.9k NOK → -71.2k NOK. Calculated
-
↓
Current ratio dropped below 1×
Current ratio 5.92× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation