ATEA ASA: årsregnskap 2007 vs 2006
Shrank 88% on revenue, returned to profit, cash halved-plus
approved 2008-03-10; registry 2008-09-04
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ATEA ASA. Revenue 30.00m NOK → 3.70m NOK (-87.7%). Net result -210.00m NOK → +423.20m NOK. Equity 1.84m NOK → 2.15bn NOK.
On the constructive side: turned profitable; equity strengthened; owners injected capital. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ATEA ASA.
At a glance
Scorecard
What improved
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Turned profitable
Net result flipped from a loss of 210.00m NOK to a profit of 423.20m NOK. Calculated
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Equity strengthened
Book equity 1.84m NOK → 2.15bn NOK (equity ratio 0.1% → 60.7%). Calculated
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Owners injected capital
Paid-in equity rose 1.56m NOK → 1.57bn NOK (+1.57bn NOK). Reported fact
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Payroll decreased
Salary cost 19.37m NOK → 19 NOK (65% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 30.00m NOK to 3.70m NOK (-87.7% YoY). Calculated
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Cash fell
Bank deposits 343.00m NOK → 426.0k NOK (-99.9% YoY). Calculated
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COGS moved
COGS / varekostnad 6.77bn NOK → 10.25bn NOK (+51.5% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (343.00m NOK → 426.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2.72m NOK → 3.02bn NOK. Reported fact