ADVISUM AS: årsregnskap 2008 vs 2007
Shrank 71% on revenue, stronger earnings
approved 2009-06-30; registry 2009-09-15
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVISUM AS. Revenue 864.8k NOK → 251.7k NOK (-70.9%). Net result +458.8k NOK → +942.3k NOK. Equity 530.6k NOK → 102.8k NOK.
On the constructive side: net result improved; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVISUM AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +458.8k NOK → +942.3k NOK (net margin 53.0% → 374.4%). Calculated
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Current ratio back above 1×
Current ratio 0.23× → 2.79×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 864.8k NOK to 251.7k NOK (-70.9% YoY). Calculated
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↓
Operating result weakened
Operating result +944.69m NOK → +1 473 NOK (op. margin 109238.1% → 0.6%). Calculated
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↓
Equity eroded
Book equity 530.6k NOK → 102.8k NOK (equity ratio 47669.0% → 5.6%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation