ACCESS ADVENTURES AS: årsregnskap 2007 vs 2006
Shrank 100% on revenue, weaker earnings
approved 2008-06-30; registry 2008-09-03
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ACCESS ADVENTURES AS. Revenue 869.1k NOK → 2 314 NOK (-99.7%). Net result +738.2k NOK → +70.8k NOK. Equity 868.2k NOK → 882.7k NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCESS ADVENTURES AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -777.8k NOK → -13.9k NOK (op. margin -89.5% → -601.5%). Calculated
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↑
Equity strengthened
Book equity 868.2k NOK → 882.7k NOK (equity ratio 100.0% → 113.2%). Calculated
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Current ratio back above 1×
Current ratio 0.18× → 8.85×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 869.1k NOK to 2 314 NOK (-99.7% YoY). Calculated
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Net result weakened
Net result +738.2k NOK → +70.8k NOK (net margin 84.9% → 3059.7%). Calculated
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Cash fell
Bank deposits 156.2k NOK → 111.8k NOK (-28.4% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 1.60m NOK → 485.8k NOK (-69.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 712.0k NOK → 38.5k NOK. Reported fact