AKASTOR ASA: årsregnskap 2009 vs 2008
Shrank 18% on revenue, weaker earnings
approved 2010-03-03; registry 2010-06-29; journal 2010 467631
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKASTOR ASA. Revenue 22.00m NOK → 18.00m NOK (-18.2%). Net result +205.00m NOK → +1.05m NOK. Equity 7.92bn NOK → 8.33bn NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AKASTOR ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 7.92bn NOK → 8.33bn NOK (equity ratio 28.9% → 29.8%). Calculated
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↑
Owners injected capital
Paid-in equity rose 4.82bn NOK → 4.82bn NOK (+1.00m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 22.00m NOK to 18.00m NOK (-18.2% YoY). Calculated
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↓
Operating result weakened
Operating result +2.77bn NOK → -95.00m NOK (op. margin 12577.3% → -527.8%). Calculated
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↓
Net result weakened
Net result +205.00m NOK → +1.05m NOK (net margin 931.8% → 5.8%). Calculated
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↓
Cash fell
Bank deposits 1.40bn NOK → 1.10bn NOK (-21.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.55× → 0.52× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 34.89bn NOK → 28.99bn NOK (-16.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 7.10bn NOK → 270 NOK. Reported fact