ABA-TECH AS: årsregnskap 2007 vs 2006
Grew 53% on revenue
approved 2008-08-29; registry 2008-09-04
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ABA-TECH AS. Revenue 8.60m NOK → 13.12m NOK (+52.5%). Equity 502.4k NOK → -2.35m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABA-TECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.60m NOK to 13.12m NOK (+52.5% YoY). Calculated
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↑
Cash rose
Bank deposits 1.49m NOK → 3.53m NOK (+136.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 502.4k NOK → -2.35m NOK (equity ratio 10.7% → -42.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.87× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -42.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.15m NOK → 2.60m NOK (25% → 20% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4.48m NOK → 11.60m NOK (+159.2% YoY). Calculated