AK. GRIEG NORGE AS: årsregnskap 2007 vs 2006
Shrank 23% on revenue
approved 2008-06-30; registry 2008-08-27
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AK. GRIEG NORGE AS. Revenue 290.3k NOK → 222.4k NOK (-23.4%). Equity 77.0k NOK → -163.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AK. GRIEG NORGE AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 2.12m NOK → 122.8k NOK (731% → 55% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 290.3k NOK to 222.4k NOK (-23.4% YoY). Calculated
-
↓
Operating result weakened
Operating result -147.2k NOK → -239.6k NOK (op. margin -50.7% → -107.7%). Calculated
-
↓
Equity eroded
Book equity 77.0k NOK → -163.1k NOK (equity ratio 18.9% → -57.0%). Calculated
-
↓
COGS moved
COGS / varekostnad 67.8k NOK → 1.11m NOK (+1534.2% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -57.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation