ABA-TECH AS: årsregnskap 2008 vs 2007
Grew 124% on revenue, cash halved-plus
approved 2009-06-30; registry 2009-09-10
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABA-TECH AS. Revenue 13.12m NOK → 29.44m NOK (+124.5%). Equity -2.35m NOK → -671.6k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABA-TECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.12m NOK to 29.44m NOK (+124.5% YoY). Calculated
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↑
Equity strengthened
Book equity -2.35m NOK → -671.6k NOK (equity ratio -42.8% → -18.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 3.53m NOK → 331.9k NOK (-90.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.53m NOK → 331.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 2.60m NOK → 2.80m NOK (20% → 10% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 11.60m NOK → 23.25m NOK (+100.4% YoY). Calculated