A STEEN TRANSPORT AS: årsregnskap 2006 vs 2005
Grew 8% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for A STEEN TRANSPORT AS. Revenue 4.18m NOK → 4.52m NOK (+8.0%). Net result +130.3k NOK → +200.5k NOK. Equity 189.2k NOK → 389.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A STEEN TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.18m NOK to 4.52m NOK (+8.0% YoY). Calculated
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Operating result improved
Operating result +183.4k NOK → +284.5k NOK (op. margin 4.4% → 6.3%). Calculated
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Net result improved
Net result +130.3k NOK → +200.5k NOK (net margin 3.1% → 4.4%). Calculated
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Equity strengthened
Book equity 189.2k NOK → 389.6k NOK (equity ratio 19.1% → 34058.0%). Calculated
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Payroll decreased
Salary cost 1.01m NOK → 2 NOK (24% → 0% of revenue). Calculated
What deteriorated
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Current ratio dropped below 1×
Current ratio 1.61× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 199.4k NOK → 178.1k NOK (-10.7% YoY). Calculated