ABC EIENDOM AS: årsregnskap 2008 vs 2007
Grew 112% on revenue, weaker earnings
approved 2009-06-25; registry 2009-07-04
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABC EIENDOM AS. Revenue 91.1k NOK → 193.0k NOK (+111.9%). Net result -26.7k NOK → -138.7k NOK. Equity 34.3k NOK → -104.4k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABC EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 91.1k NOK to 193.0k NOK (+111.9% YoY). Calculated
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↑
Cash rose
Bank deposits 6 905 NOK → 28.5k NOK (+313.4% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -26.7k NOK → -138.7k NOK (net margin -29.3% → -71.9%). Calculated
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↓
Equity eroded
Book equity 34.3k NOK → -104.4k NOK (equity ratio 1.8% → -5.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 275.0k NOK → 160.0k NOK. Reported fact