MOWI ASA: årsregnskap 2008 vs 2007
Weaker earnings, cash halved-plus
approved 2009-05-27; registry 2009-06-24
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for MOWI ASA. Revenue 0 NOK → 17.00m NOK. Net result -228.00m NOK → -1.21bn NOK. Equity 12.78bn NOK → 11.50bn NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for MOWI ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 17.00m NOK. Calculated
-
↑
Operating result improved
Operating result -180.00m NOK → -93.00m NOK. Calculated
What deteriorated
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↓
Net result weakened
Net result -228.00m NOK → -1.21bn NOK. Calculated
-
↓
Equity eroded
Book equity 12.78bn NOK → 11.50bn NOK (equity ratio 51.7% → 56.3%). Calculated
-
↓
Cash fell
Bank deposits 115.00m NOK → 191.0k NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.45× → 0.00× — 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 (115.00m NOK → 191.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 11.33bn NOK → 11.32bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 9.24bn NOK → 41.00m NOK. Reported fact