ACTIVE GOLF AS: årsregnskap 2007 vs 2006
Grew 7% on revenue, weaker earnings
approved 2008-06-30; registry 2008-09-02
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ACTIVE GOLF AS. Revenue 2.52m NOK → 2.70m NOK (+7.2%). Net result +93.2k NOK → +28.7k NOK. Equity 245.3k NOK → 216.6k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACTIVE GOLF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.52m NOK to 2.70m NOK (+7.2% YoY). Calculated
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↑
Operating result improved
Operating result +25.7k NOK → +33.2k NOK (op. margin 1.0% → 1.2%). Calculated
What deteriorated
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↓
Net result weakened
Net result +93.2k NOK → +28.7k NOK (net margin 3.7% → 1.1%). Calculated
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↓
Equity eroded
Book equity 245.3k NOK → 216.6k NOK (equity ratio 51.9% → 49.8%). Calculated
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↓
Cash fell
Bank deposits 115.1k NOK → 102.6k NOK (-10.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 683.1k NOK → 706.9k NOK (27% → 26% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.30m NOK → 1.55m NOK (+19.9% YoY). Calculated