Org.nr 980 153 991 2007 → 2008 Year-over-year analysis

ACTINIA AS: årsregnskap 2008 vs 2007

Shrank 96% on revenue, cash halved-plus

approved 2009-06-27; registry 2009-09-09

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ACTINIA AS. Revenue 213.3k NOK → 9 500 NOK (-95.5%). Equity 249.2k NOK → 70.5k NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTINIA AS.

At a glance

Revenue

213.3k NOK 9 500 NOK

-95.5%

Operating result

+95.5k NOK n/m

—

Net result

+97.5k NOK n/m

—

Equity

249.2k NOK 70.5k NOK

-71.7%

Cash

95.7k NOK 8 986 NOK

-90.6%

Total assets

1.55m NOK 1.51m NOK

-2.8%

↓
Revenue fell

Operating income / revenue moved from 213.3k NOK to 9 500 NOK (-95.5% YoY). Calculated
↓
Equity eroded

Book equity 249.2k NOK → 70.5k NOK (equity ratio 16.1% → 4.7%). Calculated
↓
Cash fell

Bank deposits 95.7k NOK → 8 986 NOK (-90.6% YoY). Calculated

·
Thin equity buffer

Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation