AB EIENDOM FLORØ AS: årsregnskap 2008 vs 2007
Grew 86% on revenue, weaker earnings
approved 2009-06-30; registry 2009-09-03
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AB EIENDOM FLORØ AS. Revenue 117.0k NOK → 218.0k NOK (+86.3%). Net result +408.7k NOK → +136.2k NOK. Equity -5 083 NOK → -141.2k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AB EIENDOM FLORØ AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 117.0k NOK to 218.0k NOK (+86.3% YoY). Calculated
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↑
Operating result improved
Operating result -21.9k NOK → +78.9k NOK (op. margin -18.7% → 36.2%). Calculated
What deteriorated
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↓
Net result weakened
Net result +408.7k NOK → +136.2k NOK (net margin 349.3% → 62.5%). Calculated
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↓
Equity eroded
Book equity -5 083 NOK → -141.2k NOK (equity ratio -0.8% → -5.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.22× — 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 -5.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation