SCATEC ASA: årsregnskap 2008 vs 2007
Stronger earnings, fresh owner capital
approved 2009-05-15; registry 2009-07-11
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for SCATEC ASA. Revenue 0 NOK → 207.8k NOK. Net result +51.9k NOK → +14.81m NOK. Equity 664.7k NOK → 147.72m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for SCATEC ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 207.8k NOK. Calculated
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↑
Net result improved
Net result +51.9k NOK → +14.81m NOK. Calculated
-
↑
Equity strengthened
Book equity 664.7k NOK → 147.72m NOK (equity ratio 70.4% → 38.8%). Calculated
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↑
Cash rose
Bank deposits 26.3k NOK → 4.16m NOK (+15738.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.06× → 1406.34×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +67.7k NOK → -19.46m NOK. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 962.0k NOK → 2 205 NOK (-99.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 783 NOK → 2 867 NOK. Reported fact