ADVANCED CONTROL AS: årsregnskap 2008 vs 2007
Shrank 62% on revenue, weaker earnings, fresh owner capital
approved 2009-03-16; registry 2009-04-30
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVANCED CONTROL AS. Revenue 4.90m NOK → 1.88m NOK (-61.8%). Net result +3.96m NOK → +684.7k NOK. Equity 808.4k NOK → 45.7k NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVANCED CONTROL AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 178.7k NOK → 313.4k NOK (+134.7k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.90m NOK to 1.88m NOK (-61.8% YoY). Calculated
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↓
Operating result weakened
Operating result +2.65m NOK → -124.5k NOK (op. margin 54.0% → -6.6%). Calculated
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↓
Net result weakened
Net result +3.96m NOK → +684.7k NOK (net margin 80.8% → 36.5%). Calculated
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↓
Equity eroded
Book equity 808.4k NOK → 45.7k NOK (equity ratio 15.0% → 1.0%). Calculated
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↓
Cash fell
Bank deposits 534.6k NOK → 317.0k NOK (-40.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.00m NOK → 22.5k NOK. Reported fact