INTEROIL EXPLORATION AND PRODUCTION ASA: årsregnskap 2007 vs 2006
Returned to profit
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for INTEROIL EXPLORATION AND PRODUCTION ASA. Net result -11.4k NOK → +1 NOK. Equity 23.0k NOK → 8 076 NOK.
On the constructive side: turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for INTEROIL EXPLORATION AND PRODUCTION ASA.
At a glance
Scorecard
Revenue
41.2k NOK
n/m
—
Operating result
-7 157 NOK
n/m
—
Net result
-11.4k NOK
+1 NOK
+100.0%
Equity
23.0k NOK
8 076 NOK
-65.0%
Total assets
123.2k NOK
179.0k NOK
+45.3%
What improved
-
↑
Turned profitable
Net result flipped from a loss of 11.4k NOK to a profit of 1 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 23.0k NOK → 8 076 NOK (equity ratio 18.7% → 4.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation