ABC HALVORSEN EIENDOM AS: årsregnskap 2007 vs 2006
Grew 221% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ABC HALVORSEN EIENDOM AS. Revenue 209.9k NOK → 674.2k NOK (+221.2%). Net result +184.1k NOK → +417.0k NOK. Equity 1.66m NOK → 395.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC HALVORSEN EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 209.9k NOK to 674.2k NOK (+221.2% YoY). Calculated
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Operating result improved
Operating result +560.0k NOK → +828.8k NOK (op. margin 266.8% → 122.9%). Calculated
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Net result improved
Net result +184.1k NOK → +417.0k NOK (net margin 87.7% → 61.9%). Calculated
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Current ratio back above 1×
Current ratio 0.77× → 2.67×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.66m NOK → 395.4k NOK (equity ratio 12.6% → 2.9%). Calculated
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Cash fell
Bank deposits 681.8k NOK → 336.1k NOK (-50.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation