AKER UTVIKLING AS: årsregnskap 2009 vs 2008
Grew 391% on revenue, stronger earnings
approved 2010-06-26; registry 2010-08-24; journal 2010 627956
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKER UTVIKLING AS. Revenue 27.15m NOK → 133.32m NOK (+391.0%). Net result -390.0k NOK → -11.7k NOK. Equity 1.32m NOK → 1.31m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKER UTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 27.15m NOK to 133.32m NOK (+391.0% YoY). Calculated
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↑
Operating result improved
Operating result -690.8k NOK → -30.1k NOK (op. margin -2.5% → -0.0%). Calculated
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↑
Net result improved
Net result -390.0k NOK → -11.7k NOK (net margin -1.4% → -0.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.32m NOK → 1.31m NOK (equity ratio 1.5% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 1.01m NOK → 1.01m NOK (-0.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 477 NOK → 2.85m NOK (0% → 2% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 27.28m NOK → 5.13bn NOK (+18697.3% YoY). Calculated