ABETOR INVEST AS: årsregnskap 2008 vs 2007
Shrank 98% on revenue, slipped into loss, cash halved-plus
approved 2009-07-06; registry 2009-08-12
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ABETOR INVEST AS. Revenue 980.8k NOK → 23.7k NOK (-97.6%). Net result +864.5k NOK → -199.7k NOK. Equity 756.2k NOK → 1.56m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABETOR INVEST AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 756.2k NOK → 1.56m NOK (equity ratio 42.4% → 99.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 980.8k NOK to 23.7k NOK (-97.6% YoY). Calculated
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↓
Operating result weakened
Operating result +806.1k NOK → -198.4k NOK (op. margin 82.2% → -836.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 864.5k NOK profit to a loss of 199.7k NOK. Calculated
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↓
Cash fell
Bank deposits 1.20m NOK → 59.1k NOK (-95.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.20m NOK → 59.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 7 000 NOK → 523.1k NOK. Reported fact