AKASTOR AS: årsregnskap 2007 vs 2006
Grew 201% on revenue, returned to profit, cash halved-plus
approved 2008-05-08; registry 2008-08-13
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AKASTOR AS. Revenue 164.3k NOK → 494.8k NOK (+201.2%). Net result -222.26m NOK → +773.65m NOK. Equity 4.50bn NOK → 5.14bn NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for AKASTOR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 164.3k NOK to 494.8k NOK (+201.2% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 222.26m NOK to a profit of 773.65m NOK. Calculated
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↑
Equity strengthened
Book equity 4.50bn NOK → 5.14bn NOK (equity ratio 32.8% → 42.1%). Calculated
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Owners injected capital
Paid-in equity rose 2.97bn NOK → 3.75bn NOK (+780.43m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +36.31m NOK → -23.72m NOK (op. margin 22100.0% → -4794.1%). Calculated
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↓
Cash fell
Bank deposits 307.30m NOK → 112.19m NOK (-63.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (307.30m NOK → 112.19m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 44.34m NOK → 14.17bn NOK (26987% → 2864333% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 9.53bn NOK. Reported fact