AKER INSURANCE SERVICES AS: årsregnskap 2009 vs 2008
Shrank 14% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKER INSURANCE SERVICES AS. Revenue 15.22m NOK → 13.04m NOK (-14.3%). Net result +4.81m NOK → +3.30m NOK. Equity 519.2k NOK → 2.57m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
15.22m NOK
13.04m NOK
-14.3%
Operating result
+6.63m NOK
n/m
—
Net result
+4.81m NOK
+3.30m NOK
-31.4%
Equity
519.2k NOK
2.57m NOK
+394.2%
Cash
11.15m NOK
8.70m NOK
-22.0%
Total assets
11.35m NOK
8.91m NOK
-21.5%
What improved
-
↑
Equity strengthened
Book equity 519.2k NOK → 2.57m NOK (equity ratio 4.6% → 28.8%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 15.22m NOK to 13.04m NOK (-14.3% YoY). Calculated
-
↓
Net result weakened
Net result +4.81m NOK → +3.30m NOK (net margin 31.6% → 25.3%). Calculated
-
↓
Cash fell
Bank deposits 11.15m NOK → 8.70m NOK (-22.0% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 6.57m NOK → 6.89m NOK (43% → 53% of revenue). Calculated