A.K. DRIFT AS: årsregnskap 2009 vs 2008
Shrank 97% on revenue, stronger earnings
approved 2010-08-31; registry 2010-09-13; journal 2010 749453
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A.K. DRIFT AS. Revenue 9.15m NOK → 276.2k NOK (-97.0%). Net result -491.0k NOK → -144.9k NOK. Equity -925.0k NOK → -1.07m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A.K. DRIFT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -386.6k NOK → -88.2k NOK (op. margin -4.2% → -31.9%). Calculated
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↑
Net result improved
Net result -491.0k NOK → -144.9k NOK (net margin -5.4% → -52.5%). Calculated
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↑
Payroll decreased
Salary cost 480.4k NOK → 57.0k NOK (5% → 21% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.15m NOK to 276.2k NOK (-97.0% YoY). Calculated
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↓
Equity eroded
Book equity -925.0k NOK → -1.07m NOK (equity ratio -74.8% → -249.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -249.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 7.68m NOK → 272.0k NOK (-96.5% YoY). Calculated