AJS INVEST AS: årsregnskap 2008 vs 2007
Weaker earnings
approved 2009-06-24; registry 2009-09-01
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AJS INVEST AS. Revenue 500 NOK → 500 NOK (0.0%). Net result +299.9k NOK → +1 382 NOK. Equity 702.8k NOK → 85.1k NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AJS INVEST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +491 NOK → +985.7k NOK (op. margin 98.2% → 197134.0%). Calculated
What deteriorated
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↓
Net result weakened
Net result +299.9k NOK → +1 382 NOK (net margin 59978.4% → 276.4%). Calculated
-
↓
Equity eroded
Book equity 702.8k NOK → 85.1k NOK (equity ratio 12.0% → 1.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.53× → 0.71× — short-term liabilities now exceed liquid/current assets on the published lines. 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 1.79m NOK → 3.84m NOK. Reported fact