A-AA MARKETING AS: årsregnskap 2007 vs 2006
Shrank 18% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for A-AA MARKETING AS. Revenue 614.3k NOK → 501.7k NOK (-18.3%). Net result +34.4k NOK → +197.3k NOK. Equity 345.5k NOK → 15.9k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A-AA MARKETING AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +34.4k NOK → +197.3k NOK (net margin 5.6% → 39.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 614.3k NOK to 501.7k NOK (-18.3% YoY). Calculated
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↓
Operating result weakened
Operating result +302.9k NOK → +293.7k NOK (op. margin 49.3% → 58.5%). Calculated
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↓
Equity eroded
Book equity 345.5k NOK → 15.9k NOK (equity ratio 500788.4% → 0.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation