A H VASBOTN AS: årsregnskap 2006 vs 2005
Shrank 8% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for A H VASBOTN AS. Revenue 4.85m NOK → 4.48m NOK (-7.7%). Net result +107.8k NOK → +353.4k NOK. Equity 4.99m NOK → 1.14m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A H VASBOTN AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +107.8k NOK → +353.4k NOK (net margin 2.2% → 7.9%). Calculated
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Payroll decreased
Salary cost 1.20m NOK → 1.08m NOK (25% → 24% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.85m NOK to 4.48m NOK (-7.7% YoY). Calculated
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↓
Operating result weakened
Operating result +309.7k NOK → +188.9k NOK (op. margin 6.4% → 4.2%). Calculated
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↓
Equity eroded
Book equity 4.99m NOK → 1.14m NOK (equity ratio 180.5% → 39.5%). Calculated
Things to notice
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COGS fell
COGS / varekostnad 2.83m NOK → 2.65m NOK (-6.1% YoY). Calculated