Akershus Traktor A/S: årsregnskap 2007 vs 2006
Grew 8% on revenue, returned to profit
approved 2008-04-10; registry 2008-08-21
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for Akershus Traktor A/S. Revenue 211.60m NOK → 228.56m NOK (+8.0%). Net result -2.54m NOK → +120.5k NOK. Equity 5.44m NOK → 5.56m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for Akershus Traktor A/S.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 211.60m NOK to 228.56m NOK (+8.0% YoY). Calculated
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↑
Operating result improved
Operating result -2.22m NOK → +21.9k NOK (op. margin -1.1% → 0.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 2.54m NOK to a profit of 120.5k NOK. Calculated
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↑
Equity strengthened
Book equity 5.44m NOK → 5.56m NOK (equity ratio 6.2% → 5.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.43m NOK → 1.23m NOK (-14.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.42× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 12.18bn NOK → 12.19bn NOK (+0.1% YoY). Calculated