SMARTDOK AS: årsregnskap 2006 vs 2005
Grew 310% on revenue, returned to profit, cash halved-plus
registry 25.08.2007
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for SMARTDOK AS. Revenue 120.6k NOK → 494.6k NOK (+310.1%). Net result -64.8k NOK → +5 369 NOK. Equity 35.2k NOK → 41.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for SMARTDOK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 120.6k NOK to 494.6k NOK (+310.1% YoY). Calculated
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Operating result improved
Operating result -63.2k NOK → +9 818 NOK (op. margin -52.4% → 2.0%). Calculated
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Turned profitable
Net result flipped from a loss of 64.8k NOK to a profit of 5 369 NOK. Calculated
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Equity strengthened
Book equity 35.2k NOK → 41.1k NOK (equity ratio 45.7% → 31.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 59.4k NOK → 13.0k NOK (-78.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.42× → 0.14× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 113.2k NOK → 295.2k NOK (94% → 60% of revenue). Calculated
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COGS moved
COGS / varekostnad 0 NOK → 11.5k NOK (None YoY). Calculated