ADELSMANN AS: årsregnskap 2007 vs 2006
Shrank 11% on revenue, stronger earnings
approved 2008-06-25; registry 2008-07-09
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ADELSMANN AS. Revenue 4.34m NOK → 3.87m NOK (-10.9%). Net result +100.4k NOK → +423.0k NOK. Equity 346.0k NOK → 619.0k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADELSMANN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -97.3k NOK → +605.7k NOK (op. margin -2.2% → 15.7%). Calculated
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↑
Net result improved
Net result +100.4k NOK → +423.0k NOK (net margin 2.3% → 10.9%). Calculated
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↑
Equity strengthened
Book equity 346.0k NOK → 619.0k NOK (equity ratio 26.7% → 38.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.34m NOK to 3.87m NOK (-10.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.17m NOK → 1.93m NOK (27% → 50% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.22m NOK → 1.57m NOK (-29.4% YoY). Calculated