A7 PRINT AS: årsregnskap 2008 vs 2007
Grew 13% on revenue, weaker earnings
approved 2009-05-12; registry 2009-09-16
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A7 PRINT AS. Revenue 15.37m NOK → 17.35m NOK (+12.9%). Net result +887.7k NOK → +131.0k NOK. Equity 545.5k NOK → 276.5k 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 A7 PRINT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 15.37m NOK to 17.35m NOK (+12.9% YoY). Calculated
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↑
Cash rose
Bank deposits 570.8k NOK → 887.9k NOK (+55.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +990.6k NOK → +691.8k NOK (op. margin 6.4% → 4.0%). Calculated
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↓
Net result weakened
Net result +887.7k NOK → +131.0k NOK (net margin 5.8% → 0.8%). Calculated
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↓
Equity eroded
Book equity 545.5k NOK → 276.5k NOK (equity ratio 12.1% → 6.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6.20m NOK → 6.67m NOK (40% → 38% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.40m NOK → 4.47m NOK (+31.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 24.3k NOK → 48.7k NOK. Reported fact