ABG SUNDAL COLLIER ASA: årsregnskap 2007 vs 2006
Grew 22% on revenue, weaker earnings
approved 2008-04-24; registry 2008-09-24
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ABG SUNDAL COLLIER ASA. Revenue 1.73bn NOK → 2.10bn NOK (+21.7%). Net result +462.78bn NOK → +249.16bn NOK. Equity 351.51bn NOK → 823.4k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABG SUNDAL COLLIER ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.73bn NOK to 2.10bn NOK (+21.7% YoY). Calculated
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Operating result improved
Operating result +481.99bn NOK → +30224295.98bn NOK (op. margin 27934.4% → 1439370080.7%). Calculated
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Payroll decreased
Salary cost 15264667000.22bn NOK → 11 NOK (884686162849% → 0% of revenue). Calculated
What deteriorated
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Net result weakened
Net result +462.78bn NOK → +249.16bn NOK (net margin 26821.2% → 11865.8%). Calculated
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↓
Equity eroded
Book equity 351.51bn NOK → 823.4k NOK (equity ratio 10250.1% → 0.0%). Calculated
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Cash fell
Bank deposits 438.97m NOK → 383.10m NOK (-12.7% YoY). 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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Paid-in equity reduced
Paid-in equity fell 209.97bn NOK → 613.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 506.3k NOK → 505.0k NOK. Reported fact