AKERSHUS BYGGMESTERFORRETNING AS: årsregnskap 2009 vs 2008
Shrank 37% on revenue, weaker earnings, cash halved-plus
approved 2010-01-28; registry 2010-05-03
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKERSHUS BYGGMESTERFORRETNING AS. Revenue 25.09m NOK → 15.74m NOK (-37.3%). Net result +1.78m NOK → +471.4k NOK. Equity 3.51m NOK → 1.78m NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AKERSHUS BYGGMESTERFORRETNING AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 400.0k NOK → 500.0k NOK (+100.0k NOK). Reported fact
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Payroll decreased
Salary cost 13.38m NOK → 8.78m NOK (53% → 56% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 25.09m NOK to 15.74m NOK (-37.3% YoY). Calculated
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Operating result weakened
Operating result +2.37m NOK → +647.7k NOK (op. margin 9.4% → 4.1%). Calculated
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Net result weakened
Net result +1.78m NOK → +471.4k NOK (net margin 7.1% → 3.0%). Calculated
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Equity eroded
Book equity 3.51m NOK → 1.78m NOK (equity ratio 42.5% → 36.5%). Calculated
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Cash fell
Bank deposits 5.25m NOK → 1.91m NOK (-63.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.25m NOK → 1.91m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 5.43m NOK → 3.66m NOK (-32.6% YoY). Calculated