24/7 EKSPRESS AS: årsregnskap 2006 vs 2005
Grew 69% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for 24/7 EKSPRESS AS. Revenue 2.56m NOK → 4.32m NOK (+68.9%). Net result -67.8k NOK → +604.1k NOK. Equity 29.4k NOK → 633.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.56m NOK to 4.32m NOK (+68.9% YoY). Calculated
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Operating result improved
Operating result -60.6k NOK → +636.9k NOK (op. margin -2.4% → 14.8%). Calculated
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Turned profitable
Net result flipped from a loss of 67.8k NOK to a profit of 604.1k NOK. Calculated
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Equity strengthened
Book equity 29.4k NOK → 633.4k NOK (equity ratio 7.3% → 118.5%). Calculated
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Payroll decreased
Salary cost 2.20m NOK → 204.2k NOK (86% → 5% of revenue). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 3.68× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated