ACCESS EVENT AS: årsregnskap 2008 vs 2007
Grew 336473% on revenue
approved 2009-06-30; registry 2009-09-12
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACCESS EVENT AS. Revenue 9 142 NOK → 30.77m NOK (+336472.8%). Equity 4 761 NOK → 449.3k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ACCESS EVENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9 142 NOK to 30.77m NOK (+336472.8% YoY). Calculated
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↑
Equity strengthened
Book equity 4 761 NOK → 449.3k NOK (equity ratio 187.7% → 8.3%). Calculated
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↑
Payroll decreased
Salary cost 2 286 NOK → -1.28m NOK (25% → -4% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +928.4k NOK → -413.3k NOK (op. margin 10155.6% → -1.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 272.60× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 300.0k NOK → 24.04m NOK (+7912.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2 053 NOK → 782.4k NOK. Reported fact