AB-INVEST AS: årsregnskap 2008 vs 2007
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2009-06-29; registry 2009-09-08
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AB-INVEST AS. Revenue 1118056.99bn NOK → 180.80m NOK (-100.0%). Net result +4.03m NOK → +6.63m NOK. Equity 17.78m NOK → 25.68m NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AB-INVEST AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +4.03m NOK → +6.63m NOK (net margin 0.0% → 3.7%). Calculated
-
↑
Equity strengthened
Book equity 17.78m NOK → 25.68m NOK (equity ratio 44.3% → 69.9%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1118056.99bn NOK to 180.80m NOK (-100.0% YoY). Calculated
-
↓
Cash fell
Bank deposits 4.90m NOK → 1.31m NOK (-73.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 15.22m NOK → 16.37m NOK (0% → 9% of revenue). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.90m NOK → 1.31m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 200.00bn NOK → 15.2k NOK. Reported fact