A VISNES TRANSPORT AS: årsregnskap 2006 vs 2005
Grew 6% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for A VISNES TRANSPORT AS. Revenue 16.94m NOK → 17.93m NOK (+5.8%). Net result -26.7k NOK → +671.5k NOK. Equity 453.7k NOK → 1 125 NOK.
On the constructive side: revenue rose; turned profitable; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A VISNES TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.94m NOK to 17.93m NOK (+5.8% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 26.7k NOK to a profit of 671.5k NOK. Calculated
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↑
Current ratio back above 1×
Current ratio 0.75× → 1.27×. Calculated
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↑
Payroll decreased
Salary cost 5.66m NOK → 5.62m NOK (33% → 31% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 453.7k NOK → 1 125 NOK (equity ratio 6.9% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 604.5k NOK → 4 706 NOK (-99.2% YoY). Calculated