POLIGHT ASA: årsregnskap 2007 vs 2006
Shrank 55% on revenue, cash halved-plus, fresh owner capital
approved 2008-06-17; registry 2008-09-13
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for POLIGHT ASA. Revenue 103.8k NOK → 46.5k NOK (-55.2%). Equity 16.78m NOK → 3.03m NOK.
On the constructive side: operating result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for POLIGHT ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -17.73m NOK → -13.51m NOK (op. margin -17078.2% → -29050.9%). Calculated
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↑
Owners injected capital
Paid-in equity rose 35.0k NOK → 35.00m NOK (+34.97m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 103.8k NOK to 46.5k NOK (-55.2% YoY). Calculated
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↓
Equity eroded
Book equity 16.78m NOK → 3.03m NOK (equity ratio 76.3% → 25.9%). Calculated
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↓
Cash fell
Bank deposits 8.07m NOK → 236.5k NOK (-97.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.08× → 0.40× — 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 (8.07m NOK → 236.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 42.5k NOK → 2 221 NOK (-94.8% YoY). Calculated