4HUMAN TQM AS: årsregnskap 2007 vs 2006
Grew 26% on revenue
approved 2008-04-22; registry 2008-05-20
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for 4HUMAN TQM AS. Revenue 3.99m NOK → 5.02m NOK (+25.8%). Equity 169.8k NOK → -93.6k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 4HUMAN TQM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.99m NOK to 5.02m NOK (+25.8% YoY). Calculated
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↑
Operating result improved
Operating result -545.3k NOK → -471.3k NOK (op. margin -13.7% → -9.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 169.8k NOK → -93.6k NOK (equity ratio 7.2% → -3.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.40m NOK → 3.11m NOK (60% → 62% of revenue). Calculated