99X SOLUTIONS AS: årsregnskap 2007 vs 2006
Grew 65% on revenue, stronger earnings, cash halved-plus
approved 2008-08-29; registry 2008-09-08
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for 99X SOLUTIONS AS. Revenue 370.8k NOK → 611.4k NOK (+64.9%). Net result +2 768 NOK → +389.1k NOK. Equity 5 105 NOK → 494.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 99X SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 370.8k NOK to 611.4k NOK (+64.9% YoY). Calculated
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Operating result improved
Operating result +1 028 NOK → +539.6k NOK (op. margin 0.3% → 88.3%). Calculated
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Net result improved
Net result +2 768 NOK → +389.1k NOK (net margin 0.7% → 63.6%). Calculated
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↑
Equity strengthened
Book equity 5 105 NOK → 494.3k NOK (equity ratio 1.9% → 447.7%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 174.8k NOK → 56.9k NOK (-67.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.65× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 227 NOK → 721.9k NOK (0% → 118% of revenue). Calculated