OSLO BØRS ASA: årsregnskap 2008 vs 2007
Grew 196% on revenue, weaker earnings, cash halved-plus
approved 2009-03-26; registry 2009-06-13
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for OSLO BØRS ASA. Revenue 537.4k NOK → 1.59m NOK (+195.7%). Net result +11.26bn NOK → +284.4k NOK. Equity 230.6k NOK → 351.6k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for OSLO BØRS ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 537.4k NOK to 1.59m NOK (+195.7% YoY). Calculated
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↑
Equity strengthened
Book equity 230.6k NOK → 351.6k NOK (equity ratio 0.0% → 0.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.15× → 2.10×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +331.35m NOK → +350.6k NOK (op. margin 61655.5% → 22.1%). Calculated
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↓
Net result weakened
Net result +11.26bn NOK → +284.4k NOK (net margin 2095424.6% → 17.9%). Calculated
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↓
Cash fell
Bank deposits 309.81m NOK → 433.5k NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (309.81m NOK → 433.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 18.6k NOK → 0 NOK. Reported fact