ACENTIO NORGE AS: årsregnskap 2007 vs 2006
Stronger earnings, cash halved-plus
approved 2008-06-10; registry 2008-09-03
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ACENTIO NORGE AS. Revenue 13.85m NOK → 14.14m NOK (+2.1%). Net result -4.97m NOK → -2.87m NOK. Equity -1.65m NOK → -4.52m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ACENTIO NORGE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 13.85m NOK to 14.14m NOK (+2.1% YoY). Calculated
-
↑
Operating result improved
Operating result -5.65m NOK → -4.41m NOK (op. margin -40.8% → -31.2%). Calculated
-
↑
Net result improved
Net result -4.97m NOK → -2.87m NOK (net margin -35.9% → -20.3%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -1.65m NOK → -4.52m NOK (equity ratio -48.5% → -151.9%). Calculated
-
↓
Cash fell
Bank deposits 962.0k NOK → 258.8k NOK (-73.1% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -151.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 6.93m NOK → 10.40m NOK (50% → 74% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 3.89m NOK → 3.42m NOK (-12.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 144.8k NOK → 0 NOK. Reported fact