Org.nr 921 526 121 2007 → 2008 Year-over-year analysis

DNO ASA: årsregnskap 2008 vs 2007

Shrank 97% on revenue, cash halved-plus

approved 2009-06-18; registry 2009-07-07

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for DNO ASA. Revenue 2.35bn NOK → 74.64m NOK (-96.8%). Equity 3.13bn NOK → 1.79bn NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for DNO ASA.

At a glance

Revenue

2.35bn NOK 74.64m NOK

-96.8%

Operating result

+491.00m NOK +8.00m NOK

-98.4%

Net result

n/m -904.00m NOK

—

Equity

3.13bn NOK 1.79bn NOK

-42.7%

Cash

747.73m NOK 139.84m NOK

-81.3%

Total assets

5.41bn NOK 4.62bn NOK

-14.6%

↓
Revenue fell

Operating income / revenue moved from 2.35bn NOK to 74.64m NOK (-96.8% YoY). Calculated
↓
Operating result weakened

Operating result +491.00m NOK → +8.00m NOK (op. margin 20.9% → 10.7%). Calculated
↓
Equity eroded

Book equity 3.13bn NOK → 1.79bn NOK (equity ratio 57.8% → 38.8%). Calculated
↓
Cash fell

Bank deposits 747.73m NOK → 139.84m NOK (-81.3% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (747.73m NOK → 139.84m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Paid-in equity reduced

Paid-in equity fell 432.18m NOK → 438.8k NOK — check capital reduction, conversion, or reclassification. Interpretation