Org.nr 929 378 024 2006 → 2007 Year-over-year analysis

ABSALONSEN TRANSPORT AS: årsregnskap 2007 vs 2006

Shrank 16% on revenue

approved 2008-06-30; registry 2008-08-30

Summary

What changed

Comparing Årsregnskap 2007 with 2006 for ABSALONSEN TRANSPORT AS. Revenue 8.04m NOK → 6.76m NOK (-16.0%). Equity 6 863 NOK → -136.2k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABSALONSEN TRANSPORT AS.

At a glance

Revenue

8.04m NOK 6.76m NOK

-16.0%

Net result

-9 392 NOK n/m

—

Equity

6 863 NOK -136.2k NOK

-2084.5%

Total assets

3.50m NOK 1.96m NOK

-44.1%

↑
Payroll decreased

Salary cost 1.78m NOK → 1.34m NOK (22% → 20% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 8.04m NOK to 6.76m NOK (-16.0% YoY). Calculated
↓
Equity eroded

Book equity 6 863 NOK → -136.2k NOK (equity ratio 0.2% → -7.0%). Calculated

·
Thin equity buffer

Equity ratio is -7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 2.48m NOK → 2.24m NOK (-9.6% YoY). Calculated