3D INVEST AS: årsregnskap 2007 vs 2006
Grew 13% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for 3D INVEST AS. Revenue 22.65m NOK → 25.52m NOK (+12.7%). Net result +366.7k NOK → +207.9k NOK. Equity 842.5k NOK → 50.4k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for 3D INVEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 22.65m NOK to 25.52m NOK (+12.7% YoY). Calculated
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Payroll decreased
Salary cost 3.65m NOK → 651.8k NOK (16% → 3% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +366.3k NOK → +353.6k NOK (op. margin 1.6% → 1.4%). Calculated
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↓
Net result weakened
Net result +366.7k NOK → +207.9k NOK (net margin 1.6% → 0.8%). Calculated
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↓
Equity eroded
Book equity 842.5k NOK → 50.4k NOK (equity ratio 1115.7% → 0.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 21.30m NOK → 24.17m NOK (+13.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 322.6k NOK → 1.32m NOK. Reported fact