AKERSHUS BOLIG OG SPARING AS: årsregnskap 2007 vs 2006
Grew 61% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AKERSHUS BOLIG OG SPARING AS. Revenue 310.6k NOK → 501.7k NOK (+61.5%). Net result +232.1k NOK → +279.4k NOK. Equity 924.7k NOK → 204.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKERSHUS BOLIG OG SPARING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 310.6k NOK to 501.7k NOK (+61.5% YoY). Calculated
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Operating result improved
Operating result +220.4k NOK → +319.0k NOK (op. margin 70.9% → 63.6%). Calculated
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Net result improved
Net result +232.1k NOK → +279.4k NOK (net margin 74.7% → 55.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 924.7k NOK → 204.1k NOK (equity ratio 18.2% → 1.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 2.10m NOK → 0 NOK. Reported fact