A2G VIDERE AS: årsregnskap 2008 vs 2007
Shrank 14% on revenue, cash halved-plus
approved 2009-06-30; registry 2009-09-08
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A2G VIDERE AS. Revenue 26.56m NOK → 22.77m NOK (-14.3%). Equity 440.1k NOK → -2.15m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for A2G VIDERE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 26.56m NOK to 22.77m NOK (-14.3% YoY). Calculated
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↓
Equity eroded
Book equity 440.1k NOK → -2.15m NOK (equity ratio 5.1% → -18.0%). Calculated
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↓
Cash fell
Bank deposits 607.2k NOK → 1 126 NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.09× → 0.81× — 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 -18.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 214 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 7.05m NOK → 4.82m NOK (-31.7% YoY). Calculated