Org.nr 878 703 812 2005 → 2006 Year-over-year analysis

3 STEP IT AS: årsregnskap 2006 vs 2005

Shrank 49% on revenue

Summary

What changed

Comparing Årsregnskap 2006 with 2005 for 3 STEP IT AS. Revenue 68.77m NOK → 35.10m NOK (-49.0%). Equity 23.40m NOK → 25.09m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3 STEP IT AS.

At a glance

Revenue

68.77m NOK 35.10m NOK

-49.0%

Operating result

+9.81m NOK +2.18m NOK

-77.7%

Equity

23.40m NOK 25.09m NOK

+7.2%

Cash

n/m 1.61m NOK

—

Total assets

151.5k NOK 115.85m NOK

+76381.7%

↑
Equity strengthened

Book equity 23.40m NOK → 25.09m NOK (equity ratio 15448.3% → 21.7%). Calculated
↑
Payroll decreased

Salary cost 16.10m NOK → 12.77m NOK (23% → 36% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 68.77m NOK to 35.10m NOK (-49.0% YoY). Calculated
↓
Operating result weakened

Operating result +9.81m NOK → +2.18m NOK (op. margin 14.3% → 6.2%). Calculated

·
COGS fell

COGS / varekostnad 31.69m NOK → 10.30m NOK (-67.5% YoY). Calculated
·
Book investments changed

Investment / intangible book value 1.27m NOK → 943.4k NOK. Reported fact