GRIEG SEAFOOD ASA: årsregnskap 2006 vs 2005
Shrank 77% on revenue, stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for GRIEG SEAFOOD ASA. Revenue 11.19m NOK → 2.59m NOK (-76.8%). Net result +2.25m NOK → +3.04m NOK. Equity 196.68m NOK → 496.24m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for GRIEG SEAFOOD ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -2.45m NOK → +14.92m NOK (op. margin -21.9% → 576.2%). Calculated
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Net result improved
Net result +2.25m NOK → +3.04m NOK (net margin 20.2% → 117.3%). Calculated
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Equity strengthened
Book equity 196.68m NOK → 496.24m NOK (equity ratio 51.1% → 63.4%). Calculated
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Owners injected capital
Paid-in equity rose 196.68m NOK → 493.21m NOK (+296.53m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 11.19m NOK to 2.59m NOK (-76.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.98× → 0.62× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 2.54m NOK → 2.11m NOK (-16.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 34.98m NOK → 32.34m NOK. Reported fact