ACTIV DRIFT AS: årsregnskap 2008 vs 2007
Slipped into loss
approved 2009-07-15; registry 2009-09-17
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACTIV DRIFT AS. Revenue 0 NOK → 4.27m NOK. Net result +2 007 NOK → -571.4k NOK. Equity 94.9k NOK → -476.4k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIV DRIFT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 0 NOK to 4.27m NOK. Calculated
-
↑
Cash rose
Bank deposits 110.1k NOK → 358.9k NOK (+226.0% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -5 168 NOK → -773.8k NOK. Calculated
-
↓
Fell into a net loss
Net result flipped from 2 007 NOK profit to a loss of 571.4k NOK. Calculated
-
↓
Equity eroded
Book equity 94.9k NOK → -476.4k NOK (equity ratio 36.5% → -104.6%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.57× → 0.04× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -104.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation