ACCESS ADVENTURES AS: årsregnskap 2006 vs 2005
Shrank 6% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ACCESS ADVENTURES AS. Revenue 919.8k NOK → 869.1k NOK (-5.5%). Net result +110.4k NOK → +738.2k NOK. Equity 130.0k NOK → 868.2k NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; current ratio dropped below 1×; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCESS ADVENTURES AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +110.4k NOK → +738.2k NOK (net margin 12.0% → 84.9%). Calculated
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Equity strengthened
Book equity 130.0k NOK → 868.2k NOK (equity ratio 13.1% → 100.0%). Calculated
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Payroll decreased
Salary cost 5.43m NOK → 1 688 NOK (591% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 919.8k NOK to 869.1k NOK (-5.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.06× → 0.18× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 186.1k NOK → 1.60m NOK (+761.5% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 73.6k NOK → 712.0k NOK. Reported fact