ABEL DIGITAL SECURITY AS: årsregnskap 2007 vs 2006
Grew 220167% on revenue, weaker earnings, fresh owner capital
approved 2008-03-28; registry 2008-06-05
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ABEL DIGITAL SECURITY AS. Revenue 1 316 NOK → 2.90m NOK (+220166.6%). Net result +500.4k NOK → +384.2k NOK. Equity 4 622 NOK → 1.01m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABEL DIGITAL SECURITY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 316 NOK to 2.90m NOK (+220166.6% YoY). Calculated
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↑
Equity strengthened
Book equity 4 622 NOK → 1.01m NOK (equity ratio 344.2% → 62.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 2.68×. Calculated
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↑
Owners injected capital
Paid-in equity rose 4 121 NOK → 121.8k NOK (+117.6k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +500.4k NOK → +391.6k NOK (op. margin 38022.9% → 13.5%). Calculated
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↓
Net result weakened
Net result +500.4k NOK → +384.2k NOK (net margin 38021.5% → 13.3%). Calculated
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↓
Cash fell
Bank deposits 413.5k NOK → 221.9k NOK (-46.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 459 NOK → 1.63m NOK (111% → 56% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 0 NOK → 9 123 NOK (None YoY). Calculated