AKERSHUS AUTO AS: årsregnskap 2008 vs 2007
Stronger earnings
approved 2009-08-11; registry 2009-08-13
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKERSHUS AUTO AS. Revenue 20.97m NOK → 19.94m NOK (-4.9%). Net result 0 NOK → +696.6k NOK. Equity 185.0k NOK → -511.7k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKERSHUS AUTO AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result 0 NOK → +696.6k NOK (net margin 0.0% → 3.5%). Calculated
-
↑
Cash rose
Bank deposits 365.9k NOK → 431.3k NOK (+17.9% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 20.97m NOK to 19.94m NOK (-4.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +233.3k NOK → +228.6k NOK (op. margin 1.1% → 1.1%). Calculated
-
↓
Equity eroded
Book equity 185.0k NOK → -511.7k NOK (equity ratio 3.0% → -8.2%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 558.2k NOK → 827.0k NOK (3% → 4% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -8.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 18.89m NOK → 17.46m NOK (-7.6% YoY). Calculated