Org.nr 977 037 093 2007 → 2008 Year-over-year analysis

TECHSTEP ASA: årsregnskap 2008 vs 2007

Shrank 100% on revenue

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for TECHSTEP ASA. Revenue 33.29m NOK → 103.6k NOK (-99.7%). Equity 429.8k NOK → 146.4k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for TECHSTEP ASA.

At a glance

Revenue

33.29m NOK 103.6k NOK

-99.7%

Net result

-38.94m NOK n/m

—

Equity

429.8k NOK 146.4k NOK

-65.9%

Cash

92.95m NOK 56.01m NOK

-39.7%

Total assets

533.7k NOK 226.7k NOK

-57.5%

↓
Revenue fell

Operating income / revenue moved from 33.29m NOK to 103.6k NOK (-99.7% YoY). Calculated
↓
Equity eroded

Book equity 429.8k NOK → 146.4k NOK (equity ratio 80.5% → 64.6%). Calculated
↓
Cash fell

Bank deposits 92.95m NOK → 56.01m NOK (-39.7% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.54× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
COGS fell

COGS / varekostnad 17.0k NOK → 0 NOK (-100.0% YoY). Calculated
·
Book investments changed

Investment / intangible book value 50.0k NOK → 137.2k NOK. Reported fact