ADCARE AS: årsregnskap 2007 vs 2006
Grew 42% on revenue
approved 2008-07-04; registry 2008-09-29
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ADCARE AS. Revenue 6.37m NOK → 9.05m NOK (+42.0%). Equity 603.8k NOK → 364.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADCARE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.37m NOK to 9.05m NOK (+42.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +181.4k NOK → -261.7k NOK (op. margin 2.8% → -2.9%). Calculated
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↓
Equity eroded
Book equity 603.8k NOK → 364.9k NOK (equity ratio 17.3% → 8.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.45m NOK → 1.95m NOK (23% → 22% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.32m NOK → 5.97m NOK (+79.7% YoY). Calculated