ECOTEQ ENERGY ASA: årsregnskap 2008 vs 2007
Shrank 42% on revenue, cash halved-plus, fresh owner capital
approved 2009-05-26; registry 2009-09-26
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ECOTEQ ENERGY ASA. Revenue 430.3k NOK → 250.7k NOK (-41.7%). Equity 194809.16bn NOK → 239.78m NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ECOTEQ ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 194.81m NOK → 252.04m NOK (+57.23m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 430.3k NOK to 250.7k NOK (-41.7% YoY). Calculated
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↓
Operating result weakened
Operating result -18.65m NOK → -76.88m NOK (op. margin -4334.0% → -30659.4%). Calculated
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↓
Equity eroded
Book equity 194809.16bn NOK → 239.78m NOK. Calculated
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↓
Cash fell
Bank deposits 43.34m NOK → 4.25m NOK (-90.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.30× → 0.09× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (43.34m NOK → 4.25m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 259.68m NOK → 345.46m NOK. Reported fact