A/S SørMek: årsregnskap 2007 vs 2006
Grew 68% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for A/S SørMek. Revenue 15.44m NOK → 25.90m NOK (+67.8%). Net result -1.01m NOK → +947.6k NOK. Equity -170.8k NOK → 776.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A/S SørMek.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 15.44m NOK to 25.90m NOK (+67.8% YoY). Calculated
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↑
Operating result improved
Operating result -1.13m NOK → +1.89m NOK (op. margin -7.3% → 7.3%). Calculated
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Turned profitable
Net result flipped from a loss of 1.01m NOK to a profit of 947.6k NOK. Calculated
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↑
Equity strengthened
Book equity -170.8k NOK → 776.8k NOK (equity ratio -1.3% → 5.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 356.8k NOK → 253.6k NOK (-28.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.82m NOK → 5.51m NOK (31% → 21% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 9.38m NOK → 16.36m NOK (+74.5% YoY). Calculated