ABRA FINANCE AS: årsregnskap 2007 vs 2006
Grew 377% on revenue, weaker earnings
approved 2008-06-27; registry 2008-08-20
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ABRA FINANCE AS. Revenue 625.5k NOK → 2.98m NOK (+376.5%). Net result +76.2k NOK → +43.1k NOK. Equity 145.0k NOK → 188.2k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABRA FINANCE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 625.5k NOK to 2.98m NOK (+376.5% YoY). Calculated
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↑
Operating result improved
Operating result -199.1k NOK → +90.4k NOK (op. margin -31.8% → 3.0%). Calculated
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↑
Equity strengthened
Book equity 145.0k NOK → 188.2k NOK (equity ratio 291.8% → 24.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.03× → 1.29×. Calculated
What deteriorated
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↓
Net result weakened
Net result +76.2k NOK → +43.1k NOK (net margin 12.2% → 1.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.36m NOK → 2.01m NOK (218% → 67% of revenue). Calculated