POLIGHT ASA: årsregnskap 2008 vs 2007
Grew 29% on revenue
approved 2009-06-30; registry 2009-08-29
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for POLIGHT ASA. Revenue 46.5k NOK → 60.0k NOK (+29.0%). Equity 3.03m NOK → -7.39m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for POLIGHT ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 46.5k NOK to 60.0k NOK (+29.0% YoY). Calculated
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↑
Operating result improved
Operating result -13.51m NOK → -9.93m NOK (op. margin -29050.9% → -16544.3%). Calculated
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↑
Cash rose
Bank deposits 236.5k NOK → 471.4k NOK (+99.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.03m NOK → -7.39m NOK (equity ratio 25.9% → -75.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -75.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation