AKER YACHTS AS: årsregnskap 2009 vs 2008
Shrank 44% on revenue
approved 2010-05-31; registry 2010-07-20; journal 2010 527773
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKER YACHTS AS. Revenue 272.6k NOK → 152.6k NOK (-44.0%). Equity -37.8k NOK → -71.7k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKER YACHTS AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 272.6k NOK to 152.6k NOK (-44.0% YoY). Calculated
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↓
Operating result weakened
Operating result +113.7k NOK → -33.6k NOK (op. margin 41.7% → -22.0%). Calculated
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↓
Equity eroded
Book equity -37.8k NOK → -71.7k NOK (equity ratio -37.1% → -197.7%). Calculated
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↓
COGS moved
COGS / varekostnad 86.1k NOK → 138.5k NOK (+60.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -197.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation