Org.nr 937 917 376 2007 → 2008 Year-over-year analysis

NUSSIR ASA: årsregnskap 2008 vs 2007

Shrank 6% on revenue, cash halved-plus

approved 2009-04-02; registry 2009-04-20

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for NUSSIR ASA. Revenue 25.0k NOK → 23.4k NOK (-6.3%). Equity 44.29m NOK → 36.54m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for NUSSIR ASA.

At a glance

Revenue

25.0k NOK 23.4k NOK

-6.3%

Operating result

n/m -8.97m NOK

—

Equity

44.29m NOK 36.54m NOK

-17.5%

Cash

31.30m NOK 8.54m NOK

-72.7%

Total assets

45.68m NOK 37.50m NOK

-17.9%

↓
Revenue fell

Operating income / revenue moved from 25.0k NOK to 23.4k NOK (-6.3% YoY). Calculated
↓
Equity eroded

Book equity 44.29m NOK → 36.54m NOK (equity ratio 96.9% → 97.5%). Calculated
↓
Cash fell

Bank deposits 31.30m NOK → 8.54m NOK (-72.7% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 22.0k NOK → 5.19m NOK (88% → 22149% of revenue). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (31.30m NOK → 8.54m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Paid-in equity reduced

Paid-in equity fell 44.52m NOK → 36.54m NOK — check capital reduction, conversion, or reclassification. Interpretation