ADCOM HOLDING AS: årsregnskap 2007 vs 2006
Shrank 28% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ADCOM HOLDING AS. Revenue 4.03m NOK → 2.90m NOK (-28.1%). Net result -990.5k NOK → -43.2k NOK. Equity 615.4k NOK → 662.3k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADCOM HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -987.3k NOK → -40.0k NOK (op. margin -24.5% → -1.4%). Calculated
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Net result improved
Net result -990.5k NOK → -43.2k NOK (net margin -24.6% → -1.5%). Calculated
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Equity strengthened
Book equity 615.4k NOK → 662.3k NOK (equity ratio 17.7% → 39.0%). Calculated
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Cash rose
Bank deposits 910.8k NOK → 6.35m NOK (+597.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.91× → 33.74×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.03m NOK to 2.90m NOK (-28.1% YoY). Calculated
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COGS moved
COGS / varekostnad 230.8k NOK → 315.2k NOK (+36.5% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 340.5k NOK → 3 036 NOK. Reported fact