AGV SERVICE AS: årsregnskap 2008 vs 2007
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2009-02-20; registry 2009-03-31
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AGV SERVICE AS. Revenue 20.8k NOK → 0 NOK (-100.0%). Net result +1.95m NOK → +15.4k NOK. Equity 417.7k NOK → 402.3k NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AGV SERVICE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 20.8k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Net result weakened
Net result +1.95m NOK → +15.4k NOK. Calculated
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↓
Equity eroded
Book equity 417.7k NOK → 402.3k NOK (equity ratio 512.9% → 97.1%). Calculated
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↓
Cash fell
Bank deposits 1.97m NOK → 307.6k NOK (-84.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.97m NOK → 307.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 106.7k NOK → 3.11m NOK. Reported fact