ACTION TRANSPORT AS: årsregnskap 2008 vs 2007
Grew 8% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACTION TRANSPORT AS. Revenue 20.59m NOK → 22.26m NOK (+8.1%). Net result +1 435 NOK → +1.04m NOK. Equity 934.5k NOK → 770.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ACTION TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 20.59m NOK to 22.26m NOK (+8.1% YoY). Calculated
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Operating result improved
Operating result +1 888 NOK → +1.44m NOK (op. margin 0.0% → 6.5%). Calculated
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Net result improved
Net result +1 435 NOK → +1.04m NOK (net margin 0.0% → 4.7%). Calculated
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Cash rose
Bank deposits 215.2k NOK → 750.2k NOK (+248.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 934.5k NOK → 770.3k NOK (equity ratio 18.1% → 13.3%). Calculated
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Current ratio dropped below 1×
Current ratio 1.03× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 3 227 NOK → 3.35m NOK (+103604.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 275.6k NOK → 342.5k NOK. Reported fact