A MIDDELTHON AS: årsregnskap 2007 vs 2006
Grew 19% on revenue, stronger earnings, cash halved-plus
approved 2008-04-22; registry 2008-05-09
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for A MIDDELTHON AS. Revenue 1.07m NOK → 1.27m NOK (+18.7%). Net result +52.1k NOK → +228.6k NOK. Equity 978.9k NOK → 207.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A MIDDELTHON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.07m NOK to 1.27m NOK (+18.7% YoY). Calculated
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↑
Operating result improved
Operating result +498.2k NOK → +793.4k NOK (op. margin 46.6% → 62.6%). Calculated
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↑
Net result improved
Net result +52.1k NOK → +228.6k NOK (net margin 4.9% → 18.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 978.9k NOK → 207.5k NOK (equity ratio 9.9% → 2.1%). Calculated
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↓
Cash fell
Bank deposits 2.38m NOK → 857.5k NOK (-63.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.38m NOK → 857.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 1 200 NOK. Reported fact