Org.nr 991 753 591 2007 → 2008 Year-over-year analysis

GELATO ASA: årsregnskap 2008 vs 2007

Grew 400% on revenue, fresh owner capital

approved 2009-06-29; registry 2009-09-12

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for GELATO ASA. Revenue 1.73m NOK → 8.66m NOK (+400.3%). Equity 7 873 NOK → -4.99m NOK.

On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for GELATO ASA.

At a glance

Revenue

1.73m NOK 8.66m NOK

+400.3%

Operating result

+824.9k NOK n/m

—

Net result

+584.0k NOK n/m

—

Equity

7 873 NOK -4.99m NOK

-63525.9%

Cash

101.6k NOK 608.5k NOK

+499.2%

Total assets

650.1k NOK 58.9k NOK

-90.9%

↑
Revenue rose

Operating income / revenue moved from 1.73m NOK to 8.66m NOK (+400.3% YoY). Calculated
↑
Cash rose

Bank deposits 101.6k NOK → 608.5k NOK (+499.2% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 100.0k NOK → 277.3k NOK (+177.3k NOK). Reported fact

↓
Equity eroded

Book equity 7 873 NOK → -4.99m NOK (equity ratio 1.2% → -8483.3%). Calculated

·
Thin equity buffer

Equity ratio is -8483.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 6 NOK → 2.66m NOK (0% → 31% of revenue). Calculated
·
COGS fell

COGS / varekostnad 811.8k NOK → 526.3k NOK (-35.2% YoY). Calculated