Org.nr 980 832 708 2006 → 2007 Year-over-year analysis

EQVA ASA: årsregnskap 2007 vs 2006

Shrank 99% on revenue

approved 2008-06-09; registry 2008-08-27

Summary

What changed

Comparing Årsregnskap 2007 with 2006 for EQVA ASA. Revenue 1 609 NOK → 12 NOK (-99.3%). Equity 7.80m NOK → 7.62m NOK.

Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for EQVA ASA.

At a glance

Revenue

1 609 NOK 12 NOK

-99.3%

Operating result

n/m -470.6k NOK

—

Net result

+993.9k NOK n/m

—

Equity

7.80m NOK 7.62m NOK

-2.3%

Cash

n/m -8 449 NOK

—

Total assets

26.91m NOK 32.48m NOK

+20.7%

↓
Revenue fell

Operating income / revenue moved from 1 609 NOK to 12 NOK (-99.3% YoY). Calculated
↓
Equity eroded

Book equity 7.80m NOK → 7.62m NOK (equity ratio 29.0% → 23.5%). Calculated
↓
Current ratio dropped below 1×

Current ratio 8.26× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 100 NOK → 9 102 NOK (6% → 75850% of revenue). Calculated

·
COGS fell

COGS / varekostnad 956.23m NOK → 423.47m NOK (-55.7% YoY). Calculated
·
Book investments changed

Investment / intangible book value 23.39m NOK → 32.37m NOK. Reported fact