ACAO AS: årsregnskap 2008 vs 2007
Mixed movements in the accounts
approved 2009-02-12; registry 2009-06-22
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACAO AS. Revenue 2.39m NOK → 2.46m NOK (+3.0%). Equity 317.5k NOK → 98.6k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACAO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.39m NOK to 2.46m NOK (+3.0% YoY). Calculated
-
↑
Cash rose
Bank deposits 257.6k NOK → 564.0k NOK (+118.9% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.15× → 4.88×. Calculated
-
↑
Payroll decreased
Salary cost 6.16m NOK → 230.9k NOK (258% → 9% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 317.5k NOK → 98.6k NOK (equity ratio 19.9% → 4.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 890.5k NOK → 1.78m NOK (+100.3% YoY). Calculated