AQUA BIO TECHNOLOGY ASA: årsregnskap 2008 vs 2007
Shrank 32% on revenue, cash halved-plus
approved 2009-04-29; registry 2009-09-03
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AQUA BIO TECHNOLOGY ASA. Revenue 7.03m NOK → 4.78m NOK (-31.9%). Equity 97.72m NOK → 53.08m NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AQUA BIO TECHNOLOGY ASA.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.03m NOK to 4.78m NOK (-31.9% YoY). Calculated
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↓
Operating result weakened
Operating result -15.46m NOK → -18.18m NOK (op. margin -220.0% → -380.0%). Calculated
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↓
Equity eroded
Book equity 97.72m NOK → 53.08m NOK (equity ratio 93.7% → 83.5%). Calculated
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↓
Cash fell
Bank deposits 1.35m NOK → 120.5k NOK (-91.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.35m NOK → 120.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 6.79m NOK → 4.95m NOK (-27.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 81.1k NOK → 38.50m NOK. Reported fact