ABSALONSEN TRANSPORT AS: årsregnskap 2006 vs 2005
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ABSALONSEN TRANSPORT AS. Revenue 7.79m NOK → 8.04m NOK (+3.2%). Net result -310.0k NOK → -9 392 NOK. Equity 16.3k NOK → 6 863 NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABSALONSEN TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.79m NOK to 8.04m NOK (+3.2% YoY). Calculated
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↑
Net result improved
Net result -310.0k NOK → -9 392 NOK (net margin -4.0% → -0.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 16.3k NOK → 6 863 NOK (equity ratio 0.4% → 0.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.77m NOK → 1.78m NOK (23% → 22% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 3.03m NOK → 2.48m NOK (-18.1% YoY). Calculated