A/S Longvafisk: årsregnskap 2007 vs 2006
Shrank 29% on revenue
approved 2008-07-23; registry 2008-09-02
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for A/S Longvafisk. Revenue 19.39m NOK → 13.67m NOK (-29.5%). Equity -382.2k NOK → -415.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for A/S Longvafisk.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.29m NOK → 1.11m NOK (7% → 8% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 19.39m NOK to 13.67m NOK (-29.5% YoY). Calculated
-
↓
Equity eroded
Book equity -382.2k NOK → -415.8k NOK (equity ratio -11.8% → -20.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -20.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 150.0k NOK → 650 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 16.48m NOK → 316.1k NOK (-98.1% YoY). Calculated