ACUSTO AS: årsregnskap 2007 vs 2006
Grew 57% on revenue, stronger earnings, cash halved-plus
approved 2008-06-30; registry 2008-08-21
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ACUSTO AS. Revenue 13.20m NOK → 20.70m NOK (+56.8%). Net result +13.4k NOK → +3.43m NOK. Equity 1.54m NOK → 4.96m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACUSTO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 13.20m NOK to 20.70m NOK (+56.8% YoY). Calculated
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Operating result improved
Operating result +1.43m NOK → +5.23m NOK (op. margin 10.9% → 25.3%). Calculated
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Net result improved
Net result +13.4k NOK → +3.43m NOK (net margin 0.1% → 16.5%). Calculated
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Equity strengthened
Book equity 1.54m NOK → 4.96m NOK (equity ratio 15.5% → 36.1%). Calculated
What deteriorated
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Cash fell
Bank deposits 385.40m NOK → 1 199 NOK (-100.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 78.06× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (385.40m NOK → 1 199 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3.21m NOK → 4.64m NOK (24% → 22% of revenue). Calculated
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COGS moved
COGS / varekostnad 7.05m NOK → 8.45m NOK (+19.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 785.8k NOK → 39.6k NOK. Reported fact