A M HANSEN MASKINERING AS: årsregnskap 2006 vs 2005
Grew 25% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for A M HANSEN MASKINERING AS. Revenue 2.56m NOK → 3.20m NOK (+25.1%). Net result +336.5k NOK → +655.3k NOK. Equity 228.5k NOK → 533.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A M HANSEN MASKINERING AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.56m NOK to 3.20m NOK (+25.1% YoY). Calculated
-
↑
Operating result improved
Operating result +487.7k NOK → +915.4k NOK (op. margin 19.1% → 28.6%). Calculated
-
↑
Net result improved
Net result +336.5k NOK → +655.3k NOK (net margin 13.1% → 20.5%). Calculated
-
↑
Equity strengthened
Book equity 228.5k NOK → 533.9k NOK (equity ratio 358.5% → 35.8%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 6.15m NOK → 813.4k NOK (-86.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.27× → 0.39× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (6.15m NOK → 813.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 3 066 NOK → 5 167 NOK. Reported fact