AKERSGATA 18 AS: årsregnskap 2008 vs 2007
Mixed movements in the accounts
approved 2009-04-14; registry 2009-07-20
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKERSGATA 18 AS. Revenue 15.46m NOK → 15.20m NOK (-1.6%). Equity -49.03m NOK → -50.85m NOK.
On the constructive side: operating result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKERSGATA 18 AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +7.17m NOK → +11.12m NOK (op. margin 46.4% → 73.1%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.65× → 10.44×. Calculated
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↑
Payroll decreased
Salary cost 7.87m NOK → 7.06m NOK (51% → 46% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.46m NOK to 15.20m NOK (-1.6% YoY). Calculated
-
↓
Equity eroded
Book equity -49.03m NOK → -50.85m NOK (equity ratio -27.6% → -28.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -28.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 3 500 NOK → 2.97m NOK. Reported fact