A HELLAND TRANSPORT AS: årsregnskap 2005 vs 2004
Grew 14% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A HELLAND TRANSPORT AS. Revenue 3.76m NOK → 4.29m NOK (+13.9%). Equity 266.8k NOK → 31.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for A HELLAND TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.76m NOK to 4.29m NOK (+13.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +479.3k NOK → +84.4k NOK (op. margin 12.7% → 2.0%). Calculated
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↓
Equity eroded
Book equity 266.8k NOK → 31.8k NOK (equity ratio 3.9% → 0.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.47× → 0.46× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 NOK → 940.9k NOK (0% → 22% of revenue). Calculated