79 DEGREES SOUTH AS: årsregnskap 2007 vs 2006
Grew 46% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for 79 DEGREES SOUTH AS. Revenue 2.70m NOK → 3.94m NOK (+46.0%). Net result -22.2k NOK → +325.9k NOK. Equity 228.3k NOK → 554.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 79 DEGREES SOUTH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.70m NOK to 3.94m NOK (+46.0% YoY). Calculated
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↑
Operating result improved
Operating result -14.2k NOK → +444.4k NOK (op. margin -0.5% → 11.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 22.2k NOK to a profit of 325.9k NOK. Calculated
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↑
Equity strengthened
Book equity 228.3k NOK → 554.2k NOK (equity ratio 30.6% → 139.3%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.21× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.50m NOK → 1.54m NOK (55% → 39% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 474.7k NOK → 965.0k NOK (+103.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 49.4k NOK → 55.0k NOK. Reported fact