NEXT BIOMETRICS GROUP ASA: årsregnskap 2008 vs 2007
Shrank 49% on revenue
approved 2009-06-30; registry 2009-09-02
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for NEXT BIOMETRICS GROUP ASA. Revenue 809.2k NOK → 412.1k NOK (-49.1%). Equity 1.16m NOK → -2.63m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for NEXT BIOMETRICS GROUP ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -5.64m NOK → -3.35m NOK (op. margin -696.9% → -813.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 809.2k NOK to 412.1k NOK (-49.1% YoY). Calculated
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↓
Equity eroded
Book equity 1.16m NOK → -2.63m NOK (equity ratio 34.3% → -260.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 NOK → 402.5k NOK (0% → 98% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -260.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 1.77m NOK → 185.7k NOK — check capital reduction, conversion, or reclassification. Interpretation