AKER P-DRIFT AS: årsregnskap 2009 vs 2008
Grew 46% on revenue, stronger earnings
approved 2010-06-29; registry 2010-08-24; journal 2010 628042
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKER P-DRIFT AS. Revenue 12.30m NOK → 17.90m NOK (+45.6%). Net result +427.0k NOK → +703.1k NOK. Equity 433.6k NOK → 1 136 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AKER P-DRIFT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 12.30m NOK to 17.90m NOK (+45.6% YoY). Calculated
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Net result improved
Net result +427.0k NOK → +703.1k NOK (net margin 3.5% → 3.9%). Calculated
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Cash rose
Bank deposits 1.08m NOK → 2.68m NOK (+148.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.88× → 1.11×. Calculated
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Payroll decreased
Salary cost 4.30m NOK → 2 009 NOK (35% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 433.6k NOK → 1 136 NOK (equity ratio 10.1% → 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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COGS moved
COGS / varekostnad 4.04m NOK → 8.12m NOK (+100.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 75.5k NOK → 28.6k NOK. Reported fact