AK KRAN OG TRANSPORT AS: årsregnskap 2008 vs 2007
Shrank 9% on revenue, weaker earnings, cash halved-plus
approved 2009-02-27; registry 2009-04-08
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AK KRAN OG TRANSPORT AS. Revenue 777.8k NOK → 704.4k NOK (-9.4%). Net result +215.6k NOK → +123.8k NOK. Equity 365.8k NOK → 489.6k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AK KRAN OG TRANSPORT AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 365.8k NOK → 489.6k NOK (equity ratio 73.9% → 16.3%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 777.8k NOK to 704.4k NOK (-9.4% YoY). Calculated
-
↓
Net result weakened
Net result +215.6k NOK → +123.8k NOK (net margin 27.7% → 17.6%). Calculated
-
↓
Cash fell
Bank deposits 84.7k NOK → 18.0k NOK (-78.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.41× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2 488 NOK → 956 NOK. Reported fact