A MARINE AS: årsregnskap 2007 vs 2006
Shrank 100% on revenue, stronger earnings
approved 2008-08-13; registry 2008-08-14
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for A MARINE AS. Revenue 384.96m NOK → 468.9k NOK (-99.9%). Net result +28.2k NOK → +74.8k NOK. Equity -591.9k NOK → -517.2k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A MARINE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +27.9k NOK → +74.6k NOK (op. margin 0.0% → 15.9%). Calculated
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↑
Net result improved
Net result +28.2k NOK → +74.8k NOK (net margin 0.0% → 15.9%). Calculated
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↑
Equity strengthened
Book equity -591.9k NOK → -517.2k NOK (equity ratio -165.2% → -213.9%). Calculated
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↑
Payroll decreased
Salary cost 2.20m NOK → 225.6k NOK (1% → 48% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 384.96m NOK to 468.9k NOK (-99.9% YoY). Calculated
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↓
Cash fell
Bank deposits 213.0k NOK → 120.6k NOK (-43.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -213.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation