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Org.nr 983 738 478 2008 → 2009 Year-over-year analysis

AKASTOR AS: årsregnskap 2009 vs 2008

Shrank 13% on revenue, slipped into loss

approved 2010-06-24; registry 2010-08-17; journal 2010 596055

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AKASTOR AS. Revenue 479.90m NOK → 419.68m NOK (-12.5%). Net result +23.72m NOK → -67.84m NOK. Equity 5.30bn NOK → 5.23bn NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AKASTOR AS.

At a glance

Scorecard

Revenue
479.90m NOK 419.68m NOK
-12.5%
Operating result
-32.38m NOK -38.69m NOK
-19.5%
Net result
+23.72m NOK -67.84m NOK
-386.0%
Equity
5.30bn NOK 5.23bn NOK
-1.3%
Cash
77.28m NOK 156.71m NOK
+102.8%
Total assets
13.29bn NOK 15.35bn NOK
+15.5%

What improved

  • ↑

    Cash rose

    Bank deposits 77.28m NOK → 156.71m NOK (+102.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 15.18m NOK → 14 NOK (3% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 479.90m NOK to 419.68m NOK (-12.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -32.38m NOK → -38.69m NOK (op. margin -6.7% → -9.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 23.72m NOK profit to a loss of 67.84m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 5.30bn NOK → 5.23bn NOK (equity ratio 39.9% → 34.1%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 11.47bn NOK → 13.80bn NOK. Reported fact