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Org.nr 987 903 066 2007 → 2008 Year-over-year analysis

AKER INSURANCE SERVICES AS: årsregnskap 2008 vs 2007

Stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AKER INSURANCE SERVICES AS. Revenue 15.42m NOK → 15.22m NOK (-1.3%). Net result +1.86m NOK → +4.81m NOK. Equity 2.31m NOK → 519.2k NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKER INSURANCE SERVICES AS.

At a glance

Scorecard

Revenue
15.42m NOK 15.22m NOK
-1.3%
Operating result
+2.40m NOK +6.63m NOK
+176.3%
Net result
+1.86m NOK +4.81m NOK
+158.1%
Equity
2.31m NOK 519.2k NOK
-77.5%
Cash
7.80m NOK 11.15m NOK
+43.0%
Total assets
8.02m NOK 11.35m NOK
+41.5%

What improved

  • ↑

    Operating result improved

    Operating result +2.40m NOK → +6.63m NOK (op. margin 15.6% → 43.6%). Calculated

  • ↑

    Net result improved

    Net result +1.86m NOK → +4.81m NOK (net margin 12.1% → 31.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 7.80m NOK → 11.15m NOK (+43.0% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 15.42m NOK to 15.22m NOK (-1.3% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 2.31m NOK → 519.2k NOK (equity ratio 28.8% → 4.6%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation