PHOTOCURE ASA: årsregnskap 2008 vs 2007
Shrank 100% on revenue, fresh owner capital
approved 2009-04-29; registry 2009-08-18
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for PHOTOCURE ASA. Revenue 101.26m NOK → 105.8k NOK (-99.9%). Net result -64.99m NOK → -59.56m NOK. Equity 356.59bn NOK → 199.69m NOK.
On the constructive side: net result improved; cash rose; owners injected capital. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for PHOTOCURE ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -64.99m NOK → -59.56m NOK (net margin -64.2% → -56296.8%). Calculated
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Cash rose
Bank deposits 17.14m NOK → 26.71m NOK (+55.8% YoY). Calculated
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Owners injected capital
Paid-in equity rose 22.03m NOK → 199.69m NOK (+177.66m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 101.26m NOK to 105.8k NOK (-99.9% YoY). Calculated
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Equity eroded
Book equity 356.59bn NOK → 199.69m NOK. Calculated
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Payroll up without matching revenue
Salary cost 47.37m NOK → 55.99m NOK (47% → 52917% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 17.33m NOK → 19.07m NOK (+10.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 11.5k NOK. Reported fact