ABA PROSJEKT AS: årsregnskap 2008 vs 2007
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2009-06-15; registry 2009-08-24
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABA PROSJEKT AS. Revenue 409.6k NOK → 445 NOK (-99.9%). Net result -61.1k NOK → -83.3k NOK. Equity 320.4k NOK → 237.1k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABA PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +130.8k NOK → +170.6k NOK (op. margin 31.9% → 38336.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 409.6k NOK to 445 NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result -61.1k NOK → -83.3k NOK (net margin -14.9% → -18715.7%). Calculated
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↓
Equity eroded
Book equity 320.4k NOK → 237.1k NOK (equity ratio 5.4% → 4.0%). Calculated
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↓
Cash fell
Bank deposits 159.7k NOK → 39.3k NOK (-75.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.22× → 0.23× — 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 4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation