A STEEN TRANSPORT AS: årsregnskap 2008 vs 2007
Grew 6% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A STEEN TRANSPORT AS. Revenue 4.99m NOK → 5.27m NOK (+5.6%). Net result +226.3k NOK → +472.6k NOK. Equity 615.9k NOK → 88.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. 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 4.99m NOK to 5.27m NOK (+5.6% YoY). Calculated
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↑
Operating result improved
Operating result +333.6k NOK → +683.0k NOK (op. margin 6.7% → 13.0%). Calculated
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↑
Net result improved
Net result +226.3k NOK → +472.6k NOK (net margin 4.5% → 9.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 615.9k NOK → 88.5k NOK (equity ratio 30.0% → 3.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 90.3k NOK → 156.8k NOK (+73.5% YoY). Calculated