654 M.O.H AS: årsregnskap 2007 vs 2006
Grew 3756% on revenue, weaker earnings
approved 2008-05-22; registry 2008-07-22
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for 654 M.O.H AS. Revenue 126.1k NOK → 4.86m NOK (+3756.4%). Net result +247.6k NOK → +22 NOK. Equity 790.5k NOK → 43.8k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 654 M.O.H AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 126.1k NOK to 4.86m NOK (+3756.4% YoY). Calculated
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↑
Operating result improved
Operating result +414.8k NOK → +686.4k NOK (op. margin 328.9% → 14.1%). Calculated
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↑
Payroll decreased
Salary cost 1.72m NOK → 831.0k NOK (1362% → 17% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +247.6k NOK → +22 NOK (net margin 196.3% → 0.0%). Calculated
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↓
Equity eroded
Book equity 790.5k NOK → 43.8k NOK (equity ratio 30.9% → 1.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 226.8k NOK → 2.57m NOK (+1032.7% YoY). Calculated