7 STEEL NORDIC REINFORCING AS: årsregnskap 2006 vs 2005
Slipped into loss
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for 7 STEEL NORDIC REINFORCING AS. Net result +327 NOK → -8 656 NOK. Equity 593.2k NOK → 421.3k NOK.
On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC REINFORCING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -940.0k NOK → -2 682 NOK. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 327 NOK profit to a loss of 8 656 NOK. Calculated
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↓
Equity eroded
Book equity 593.2k NOK → 421.3k NOK (equity ratio 94.2% → 63.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.37× → 0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 74.30m NOK → 74.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 579.70m NOK → 598.1k NOK. Reported fact