AKB EIENDOM AS: årsregnskap 2008 vs 2007
Grew 14% on revenue, slipped into loss
approved 2009-02-20; registry 2009-05-13
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKB EIENDOM AS. Revenue 475.2k NOK → 542.6k NOK (+14.2%). Net result +35.0k NOK → -8 007 NOK. Equity 269.9k NOK → 257.5k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKB EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 475.2k NOK to 542.6k NOK (+14.2% YoY). Calculated
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↑
Operating result improved
Operating result +272.8k NOK → +296.2k NOK (op. margin 57.4% → 54.6%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 35.0k NOK profit to a loss of 8 007 NOK. Calculated
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↓
Equity eroded
Book equity 269.9k NOK → 257.5k NOK (equity ratio 8.2% → 5.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation