Org.nr 980 345 106 2006 → 2007 Year-over-year analysis

7 STEEL SERVICE NORWAY AS: årsregnskap 2007 vs 2006

Shrank 32% on revenue

approved 2007-12-31; registry 2008-07-24

Summary

What changed

Comparing Årsregnskap 2007 with 2006 for 7 STEEL SERVICE NORWAY AS. Revenue 768.26m NOK → 523.19m NOK (-31.9%). Equity 228.92m NOK → 137.25m NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.

At a glance

Revenue

768.26m NOK 523.19m NOK

-31.9%

Operating result

+95.72m NOK +38.60m NOK

-59.7%

Equity

228.92m NOK 137.25m NOK

-40.0%

Cash

n/m 2.61m NOK

—

Total assets

370.40m NOK 298.64m NOK

-19.4%

↓
Revenue fell

Operating income / revenue moved from 768.26m NOK to 523.19m NOK (-31.9% YoY). Calculated
↓
Operating result weakened

Operating result +95.72m NOK → +38.60m NOK (op. margin 12.5% → 7.4%). Calculated
↓
Equity eroded

Book equity 228.92m NOK → 137.25m NOK (equity ratio 61.8% → 46.0%). Calculated
↓
Current ratio dropped below 1×

Current ratio 2.89× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 37.68m NOK → 43.24m NOK (5% → 8% of revenue). Calculated

·
COGS fell

COGS / varekostnad 593.50m NOK → 394.51m NOK (-33.5% YoY). Calculated
·
Book investments changed

Investment / intangible book value 0 NOK → 175.70m NOK. Reported fact