ABENA NORGE AS: årsregnskap 2007 vs 2006
Shrank 6% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ABENA NORGE AS. Revenue 55.77m NOK → 52.19m NOK (-6.4%). Net result -2.51m NOK → +2.99m NOK. Equity 3.05m NOK → 3 186 NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABENA NORGE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -2.40m NOK → +3.03m NOK (op. margin -4.3% → 5.8%). Calculated
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Turned profitable
Net result flipped from a loss of 2.51m NOK to a profit of 2.99m NOK. Calculated
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Cash rose
Bank deposits 1.87m NOK → 2.58m NOK (+37.7% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 55.77m NOK to 52.19m NOK (-6.4% YoY). Calculated
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↓
Equity eroded
Book equity 3.05m NOK → 3 186 NOK (equity ratio 18.3% → 0.0%). Calculated
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Current ratio dropped below 1×
Current ratio 1.20× → 0.94× — 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 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 46.50m NOK → 43.74m NOK (-5.9% YoY). Calculated