AK BYGG OG EIENDOM AS: årsregnskap 2009 vs 2008
Grew 190% on revenue, cash halved-plus
approved 2010-03-15; registry 2010-04-12
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AK BYGG OG EIENDOM AS. Revenue 318.8k NOK → 925.6k NOK (+190.4%). Equity 360.5k NOK → 321.6k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AK BYGG OG EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 318.8k NOK to 925.6k NOK (+190.4% YoY). Calculated
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↑
Operating result improved
Operating result +284.8k NOK → +175.98m NOK (op. margin 89.3% → 19012.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 360.5k NOK → 321.6k NOK (equity ratio 2.4% → 1.8%). Calculated
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↓
Cash fell
Bank deposits 253.8k NOK → 3 095 NOK (-98.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5 831 NOK → 538.0k NOK (2% → 58% of revenue). Calculated