A. SPORT AS: årsregnskap 2007 vs 2006
Grew 629% on revenue, slipped into loss
approved 2008-06-30; registry 2008-07-29
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for A. SPORT AS. Revenue 618.1k NOK → 4.51m NOK (+629.0%). Net result 0 NOK → -129.8k NOK. Equity 619.0k NOK → 489.2k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A. SPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 618.1k NOK to 4.51m NOK (+629.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.42× → 1.12×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result 0 NOK → -143.8k NOK (op. margin 0.0% → -3.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 129.8k NOK. Calculated
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↓
Equity eroded
Book equity 619.0k NOK → 489.2k NOK (equity ratio 206.5% → 26.0%). Calculated
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↓
Cash fell
Bank deposits 258.3k NOK → 183.2k NOK (-29.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 582 NOK → 996.1k NOK (0% → 22% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.94m NOK → 3.01m NOK (+54.9% YoY). Calculated