A. GULLAKSEN AS: årsregnskap 2007 vs 2006
Shrank 13% on revenue
approved 2008-06-30; registry 2008-08-20
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for A. GULLAKSEN AS. Revenue 654.9k NOK → 572.1k NOK (-12.6%). Equity 897.1k NOK → 188.1k NOK.
Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A. GULLAKSEN AS.
At a glance
Scorecard
Revenue
654.9k NOK
572.1k NOK
-12.6%
Equity
897.1k NOK
188.1k NOK
-79.0%
Total assets
2.58m NOK
2.72m NOK
+5.3%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 654.9k NOK to 572.1k NOK (-12.6% YoY). Calculated
-
↓
Equity eroded
Book equity 897.1k NOK → 188.1k NOK (equity ratio 34.8% → 6.9%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 1.55m NOK → 1.68m NOK. Reported fact