AC-SUNCARE INSTITUTE AS: årsregnskap 2007 vs 2006
Shrank 73% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AC-SUNCARE INSTITUTE AS. Revenue 288.6k NOK → 78.1k NOK (-72.9%). Net result +442.1k NOK → +15.3k NOK. Equity 8 313 NOK → 7 005 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AC-SUNCARE INSTITUTE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.43m NOK → 450.0k NOK (843% → 576% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 288.6k NOK to 78.1k NOK (-72.9% YoY). Calculated
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↓
Operating result weakened
Operating result +442.6k NOK → +4 473 NOK (op. margin 153.4% → 5.7%). Calculated
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↓
Net result weakened
Net result +442.1k NOK → +15.3k NOK (net margin 153.2% → 19.6%). Calculated
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↓
Equity eroded
Book equity 8 313 NOK → 7 005 NOK (equity ratio 1.9% → 0.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.97× — 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 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.17m NOK → 281.2k NOK (-75.9% YoY). Calculated