HAVILA SHIPPING ASA: årsregnskap 2007 vs 2006
Weaker earnings
approved 2008-05-14; registry 2008-08-26
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for HAVILA SHIPPING ASA. Revenue 10.11bn NOK → 10.13bn NOK (+0.2%). Net result +34.57m NOK → +18 NOK. Equity 531.57m NOK → 232.38m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for HAVILA SHIPPING ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.11bn NOK to 10.13bn NOK (+0.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +3.87m NOK → +2.38m NOK (op. margin 0.0% → 0.0%). Calculated
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↓
Net result weakened
Net result +34.57m NOK → +18 NOK (net margin 0.3% → 0.0%). Calculated
-
↓
Equity eroded
Book equity 531.57m NOK → 232.38m NOK (equity ratio 51.3% → 22.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 8.05× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 495.83m NOK → 215.73m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 12 NOK → 11.12bn NOK (0% → 110% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 23.37m NOK → 150.0k NOK. Reported fact