ADMIN AS: årsregnskap 2007 vs 2006
Shrank 57% on revenue, weaker earnings
approved 2008-06-30; registry 2008-09-09
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ADMIN AS. Revenue 6.31m NOK → 2.73m NOK (-56.7%). Net result +708.7k NOK → +102.6k NOK. Equity 717.5k NOK → 308.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMIN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.13m NOK → 650.0k NOK (18% → 24% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.31m NOK to 2.73m NOK (-56.7% YoY). Calculated
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↓
Operating result weakened
Operating result +803.1k NOK → +107.8k NOK (op. margin 12.7% → 3.9%). Calculated
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↓
Net result weakened
Net result +708.7k NOK → +102.6k NOK (net margin 11.2% → 3.8%). Calculated
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↓
Equity eroded
Book equity 717.5k NOK → 308.1k NOK (equity ratio 29.5% → 11.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 337.5k NOK → -7 908 NOK (-102.3% YoY). Calculated