ACINOR AS: årsregnskap 2006 vs 2005
Grew 44% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ACINOR AS. Revenue 17.02m NOK → 24.46m NOK (+43.7%). Net result +3.15m NOK → +4.52m NOK. Equity 3.33m NOK → 1.25m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ACINOR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 17.02m NOK to 24.46m NOK (+43.7% YoY). Calculated
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Operating result improved
Operating result +4.37m NOK → +6.28m NOK (op. margin 25.7% → 25.7%). Calculated
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Net result improved
Net result +3.15m NOK → +4.52m NOK (net margin 18.5% → 18.5%). Calculated
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Cash rose
Bank deposits 4.74m NOK → 6.02m NOK (+26.9% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.73× → 1.08×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.33m NOK → 1.25m NOK (equity ratio 45.5% → 11.8%). Calculated
Things to notice
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COGS moved
COGS / varekostnad 9.89m NOK → 15.30m NOK (+54.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 9 000 NOK → 46.5k NOK. Reported fact