AKERSHUS AUTO BILVERKSTED AS: årsregnskap 2009 vs 2008
Shrank 11% on revenue, weaker earnings
approved 2010-08-31; registry 2010-09-07; journal 2010 720886
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKERSHUS AUTO BILVERKSTED AS. Revenue 3.27m NOK → 2.90m NOK (-11.4%). Net result +86.2k NOK → +208 NOK. Equity 6.16m NOK → 257.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AKERSHUS AUTO BILVERKSTED AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 572.7k NOK → 446.3k NOK (17% → 15% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.27m NOK to 2.90m NOK (-11.4% YoY). Calculated
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↓
Operating result weakened
Operating result +199.5k NOK → +121.3k NOK (op. margin 6.1% → 4.2%). Calculated
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↓
Net result weakened
Net result +86.2k NOK → +208 NOK (net margin 2.6% → 0.0%). Calculated
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↓
Equity eroded
Book equity 6.16m NOK → 257.1k NOK (equity ratio 372.8% → 16.0%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 366.0k NOK → 466 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 2.01m NOK → 1.77m NOK (-11.6% YoY). Calculated