ADVENT NORWAY AS: årsregnskap 2007 vs 2006
Grew 14% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ADVENT NORWAY AS. Revenue 9.99m NOK → 11.41m NOK (+14.1%). Equity -6.59m NOK → -10.08m NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVENT NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.99m NOK to 11.41m NOK (+14.1% YoY). Calculated
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↑
Cash rose
Bank deposits 6.06m NOK → 9.68m NOK (+59.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 200.3k NOK → 1.20m NOK (+1.00m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity -6.59m NOK → -10.08m NOK. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -67.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2 NOK → 4.48m NOK (0% → 39% of revenue). Calculated
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COGS fell
COGS / varekostnad 1.39m NOK → -728.2k NOK (-152.2% YoY). Calculated