A.K. DRIFT AS: årsregnskap 2007 vs 2006
Grew 19% on revenue, weaker earnings
approved 2008-10-14; registry 2008-11-04
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for A.K. DRIFT AS. Revenue 8.13m NOK → 9.63m NOK (+18.6%). Net result -236.8k NOK → -376.9k NOK. Equity -57.2k NOK → -434.0k 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 A.K. DRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.13m NOK to 9.63m NOK (+18.6% YoY). Calculated
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↑
Operating result improved
Operating result -183.3k NOK → -154.1k NOK (op. margin -2.3% → -1.6%). Calculated
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↑
Payroll decreased
Salary cost 631.0k NOK → 615.7k NOK (8% → 6% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result -236.8k NOK → -376.9k NOK (net margin -2.9% → -3.9%). Calculated
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↓
Equity eroded
Book equity -57.2k NOK → -434.0k NOK (equity ratio -1.8% → -16.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -16.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 6.75m NOK → 7.68m NOK (+13.7% YoY). Calculated