ABO SERVICE AS: årsregnskap 2006 vs 2005
Shrank 7% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ABO SERVICE AS. Revenue 2.97m NOK → 2.77m NOK (-6.7%). Net result +7 583 NOK → +50.5k NOK. Equity 264.2k NOK → 314.7k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABO SERVICE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +47.6k NOK → +91.2k NOK (op. margin 1.6% → 3.3%). Calculated
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Net result improved
Net result +7 583 NOK → +50.5k NOK (net margin 0.3% → 1.8%). Calculated
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Equity strengthened
Book equity 264.2k NOK → 314.7k NOK (equity ratio 26.2% → 28.1%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.97m NOK to 2.77m NOK (-6.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.31× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 2 005 NOK → 10.52m NOK (0% → 379% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 682.4k NOK → 319.1k NOK (-53.2% YoY). Calculated