A/S Even Cudrio: årsregnskap 2007 vs 2006
Grew 61% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for A/S Even Cudrio. Revenue 13.05m NOK → 21.03m NOK (+61.2%). Net result +701.9k NOK → +202.5k NOK. Equity 744.0k NOK → 546.6k NOK.
On the constructive side: revenue rose. Pressures included: 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/S Even Cudrio.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.05m NOK to 21.03m NOK (+61.2% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +701.9k NOK → +202.5k NOK (net margin 5.4% → 1.0%). Calculated
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↓
Equity eroded
Book equity 744.0k NOK → 546.6k NOK (equity ratio 12.8% → 7.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4 NOK → 6.49m NOK (0% → 31% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.14m NOK → 10.23m NOK (+98.9% YoY). Calculated