ABYSS AKVASERVICE AS: årsregnskap 2007 vs 2006
Grew 378% on revenue, weaker earnings
approved 2008-06-30; registry 2008-09-15
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ABYSS AKVASERVICE AS. Revenue 934.0k NOK → 4.47m NOK (+378.2%). Net result -68.9k NOK → -685.7k NOK. Equity -519.2k NOK → -4 888 NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ABYSS AKVASERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 934.0k NOK to 4.47m NOK (+378.2% YoY). Calculated
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↑
Equity strengthened
Book equity -519.2k NOK → -4 888 NOK (equity ratio -40.0% → -0.1%). Calculated
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↑
Cash rose
Bank deposits 86.6k NOK → 296.0k NOK (+241.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.34× → 3.69×. Calculated
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↑
Payroll decreased
Salary cost 761.6k NOK → 1 NOK (82% → 0% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result -68.9k NOK → -685.7k NOK (net margin -7.4% → -15.4%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 300.0k NOK → 200.0k NOK — check capital reduction, conversion, or reclassification. Interpretation