AKASTOR AS: årsregnskap 2008 vs 2007
Grew 96890% on revenue, weaker earnings
approved 2009-05-20; registry 2009-06-30
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKASTOR AS. Revenue 494.8k NOK → 479.90m NOK (+96889.9%). Net result +773.65m NOK → +23.72m NOK. Equity 5.14bn NOK → 5.30bn NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AKASTOR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 494.8k NOK to 479.90m NOK (+96889.9% YoY). Calculated
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Equity strengthened
Book equity 5.14bn NOK → 5.30bn NOK (equity ratio 42.1% → 39.9%). Calculated
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Owners injected capital
Paid-in equity rose 3.75bn NOK → 3.89bn NOK (+134.42m NOK). Reported fact
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Payroll decreased
Salary cost 14.17bn NOK → 15.18m NOK (2864333% → 3% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -23.72m NOK → -32.38m NOK (op. margin -4794.1% → -6.7%). Calculated
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Net result weakened
Net result +773.65m NOK → +23.72m NOK (net margin 156357.9% → 4.9%). Calculated
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↓
Cash fell
Bank deposits 112.19m NOK → 77.28m NOK (-31.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 9.53bn NOK → 11.47bn NOK. Reported fact