AKERSHUS DEKK AS: årsregnskap 2007 vs 2006
Shrank 68% on revenue, stronger earnings
approved 2008-06-26; registry 2008-09-08
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AKERSHUS DEKK AS. Revenue 702.1k NOK → 226.7k NOK (-67.7%). Net result +22.4k NOK → +155.9k NOK. Equity 122.4k NOK → -33.5k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSHUS DEKK AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +31.4k NOK → +156.2k NOK (op. margin 4.5% → 68.9%). Calculated
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Net result improved
Net result +22.4k NOK → +155.9k NOK (net margin 3.2% → 68.8%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 702.1k NOK to 226.7k NOK (-67.7% YoY). Calculated
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Equity eroded
Book equity 122.4k NOK → -33.5k NOK (equity ratio 42.4% → -15.7%). Calculated
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Current ratio dropped below 1×
Current ratio 1.38× → 0.67× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 2 152 NOK → 507.0k NOK (0% → 224% of revenue). Calculated
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COGS moved
COGS / varekostnad 307.2k NOK → 617.5k NOK (+101.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -15.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation