A OLSEN & SØNN AS: årsregnskap 2006 vs 2005
Grew 1840% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for A OLSEN & SØNN AS. Revenue 41.0k NOK → 795.4k NOK (+1839.8%). Net result +336.1k NOK → +78.2k NOK. Equity 258.4k NOK → 336.7k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for A OLSEN & SØNN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 41.0k NOK to 795.4k NOK (+1839.8% YoY). Calculated
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↑
Equity strengthened
Book equity 258.4k NOK → 336.7k NOK (equity ratio 33.0% → 55.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +432.3k NOK → +131.6k NOK (op. margin 1054.2% → 16.5%). Calculated
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↓
Net result weakened
Net result +336.1k NOK → +78.2k NOK (net margin 819.8% → 9.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.64× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 70.3k NOK → 1.16m NOK (171% → 146% of revenue). Calculated