4U HAIR BODY STYLE AS: årsregnskap 2007 vs 2006
Shrank 89% on revenue, cash halved-plus
approved 2008-11-13; registry 2008-12-17
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for 4U HAIR BODY STYLE AS. Revenue 3.30m NOK → 379.0k NOK (-88.5%). Equity -982.5k NOK → -1.82m NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4U HAIR BODY STYLE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.30m NOK to 379.0k NOK (-88.5% YoY). Calculated
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↓
Operating result weakened
Operating result -178.3k NOK → -1.10m NOK (op. margin -5.4% → -289.6%). Calculated
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↓
Equity eroded
Book equity -982.5k NOK → -1.82m NOK (equity ratio -32.6% → -122.8%). Calculated
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↓
Cash fell
Bank deposits 178.6k NOK → 55.7k NOK (-68.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.31m NOK → 4.79m NOK (40% → 1264% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -122.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.35m NOK → 1.15m NOK (-14.2% YoY). Calculated