Bonheur ASA: årsregnskap 2008 vs 2007
Grew 223% on revenue, weaker earnings, cash halved-plus
approved 2009-05-28; registry 2009-06-11
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for Bonheur ASA. Revenue 1.34m NOK → 4.33m NOK (+223.0%). Net result +2.68bn NOK → +1.73bn NOK. Equity 2.80bn NOK → 3.41bn NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for Bonheur ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.34m NOK to 4.33m NOK (+223.0% YoY). Calculated
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↑
Equity strengthened
Book equity 2.80bn NOK → 3.41bn NOK (equity ratio 60.4% → 70.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.86× → 1.20×. Calculated
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↑
Payroll decreased
Salary cost 1.35m NOK → 528.1k NOK (101% → 12% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +2.68bn NOK → +1.73bn NOK (net margin 200341.6% → 39907.6%). Calculated
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↓
Cash fell
Bank deposits 523.66m NOK → 537.0k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (523.66m NOK → 537.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 157.5k NOK → 116.59m NOK. Reported fact