A.R. CONSULTING AS: årsregnskap 2007 vs 2006
Grew 29% on revenue, weaker earnings
approved 2008-06-15; registry 2008-09-03
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for A.R. CONSULTING AS. Revenue 5.92m NOK → 7.64m NOK (+29.0%). Net result +188.6k NOK → +25.9k NOK. Equity 332.0k NOK → 206.1k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A.R. CONSULTING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.92m NOK to 7.64m NOK (+29.0% YoY). Calculated
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↑
Cash rose
Bank deposits 34.2k NOK → 132.1k NOK (+286.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +318.3k NOK → +105.8k NOK (op. margin 5.4% → 1.4%). Calculated
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↓
Net result weakened
Net result +188.6k NOK → +25.9k NOK (net margin 3.2% → 0.3%). Calculated
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↓
Equity eroded
Book equity 332.0k NOK → 206.1k NOK (equity ratio 14.4% → 8.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2 NOK → 4.86m NOK (0% → 64% of revenue). Calculated
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COGS moved
COGS / varekostnad 0 NOK → 6 414 NOK (None YoY). Calculated
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·
Book investments changed
Investment / intangible book value 400.0k NOK → 480 NOK. Reported fact