AKER HOLDING AS: årsregnskap 2008 vs 2007
Shrank 6592% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKER HOLDING AS. Revenue -12.0k NOK → -803.0k NOK (-6591.7%). Net result -7 000 NOK → -11.08bn NOK. Equity 16.06m NOK → 4 000 NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKER HOLDING AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 16.06m NOK → 15.23bn NOK (+15.22bn NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from -12.0k NOK to -803.0k NOK (-6591.7% YoY). Calculated
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↓
Operating result weakened
Operating result +12.0k NOK → -1.46m NOK (op. margin -100.0% → 181.7%). Calculated
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↓
Net result weakened
Net result -7 000 NOK → -11.08bn NOK (net margin 58.3% → 1379913.6%). Calculated
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↓
Equity eroded
Book equity 16.06m NOK → 4 000 NOK (equity ratio 100.0% → 0.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 16.06m NOK → 4.65bn NOK. Reported fact