ABBH AS: årsregnskap 2008 vs 2007
Shrank 100% on revenue, cash halved-plus
approved 2009-04-27; registry 2009-05-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABBH AS. Revenue 198.18m NOK → 200.0k NOK (-99.9%). Equity 184.41m NOK → 139.24m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABBH AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 198.18m NOK to 200.0k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 184.41m NOK → 139.24m NOK (equity ratio 57.9% → 49.5%). Calculated
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↓
Cash fell
Bank deposits 113.75m NOK → 116.3k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (113.75m NOK → 116.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 32.28m NOK → 31.61m NOK (-2.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 793.0k NOK → 686.0k NOK. Reported fact