AKER YACHTS AS: årsregnskap 2007 vs 2006
Shrank 82% on revenue
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AKER YACHTS AS. Revenue 275.6k NOK → 49.0k NOK (-82.2%). Equity -104.7k NOK → -151.8k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKER YACHTS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +3 893 NOK → +45.0k NOK (op. margin 1.4% → 91.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 275.6k NOK to 49.0k NOK (-82.2% YoY). Calculated
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↓
Equity eroded
Book equity -104.7k NOK → -151.8k NOK (equity ratio -56.1% → -193.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost -3 420 NOK → 2 007 NOK (-1% → 4% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -193.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 180.4k NOK → 29.0k NOK (-83.9% YoY). Calculated