ABSOLUTE BAR AS: årsregnskap 2007 vs 2006
Shrank 61% on revenue, slipped into loss, fresh owner capital
approved 2008-09-20; registry 2008-10-04
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ABSOLUTE BAR AS. Revenue 921.9k NOK → 355.4k NOK (-61.4%). Net result +508.0k NOK → -24.4k NOK. Equity 550.7k NOK → -575.1k NOK.
On the constructive side: operating result improved; owners injected capital. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABSOLUTE BAR AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -447.6k NOK → +30.3k NOK (op. margin -48.6% → 8.5%). Calculated
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Owners injected capital
Paid-in equity rose 375 NOK → 375.0k NOK (+374.6k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 921.9k NOK to 355.4k NOK (-61.4% YoY). Calculated
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Fell into a net loss
Net result flipped from 508.0k NOK profit to a loss of 24.4k NOK. Calculated
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Equity eroded
Book equity 550.7k NOK → -575.1k NOK (equity ratio 125.7% → -182.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -182.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 682.1k NOK → 114.8k NOK (-83.2% YoY). Calculated