AICON AS: årsregnskap 2008 vs 2007
Shrank 82% on revenue
approved 2009-08-31; registry 2009-09-21
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AICON AS. Revenue 2.02m NOK → 370.5k NOK (-81.7%). Equity -156.8k NOK → -456.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AICON AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 30.6k NOK → 67.4k NOK (+119.8% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.02m NOK to 370.5k NOK (-81.7% YoY). Calculated
-
↓
Equity eroded
Book equity -156.8k NOK → -456.9k NOK (equity ratio -225.8% → -77.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.42× → 0.48× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 2 007 NOK → 344.1k NOK (0% → 93% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 942.0k NOK → 143.0k NOK (-84.8% YoY). Calculated