Org.nr 976 527 569 2007 → 2008 Year-over-year analysis

AKERSHUS ELEKTRO AS: årsregnskap 2008 vs 2007

Cash halved-plus

approved 2009-06-19; registry 2009-06-29

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for AKERSHUS ELEKTRO AS. Revenue 12.30m NOK → 12.73m NOK (+3.5%). Equity 562.8k NOK → -1.21m NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSHUS ELEKTRO AS.

At a glance

Revenue

12.30m NOK 12.73m NOK

+3.5%

Operating result

+284.7k NOK -2.48m NOK

-969.9%

Net result

+222.3k NOK n/m

—

Equity

562.8k NOK -1.21m NOK

-315.8%

Cash

1.21m NOK 603.4k NOK

-50.1%

Total assets

4.06m NOK 3.03m NOK

-25.5%

↑
Revenue rose

Operating income / revenue moved from 12.30m NOK to 12.73m NOK (+3.5% YoY). Calculated
↑
Payroll decreased

Salary cost 4.43m NOK → 4.08m NOK (36% → 32% of revenue). Calculated

↓
Operating result weakened

Operating result +284.7k NOK → -2.48m NOK (op. margin 2.3% → -19.4%). Calculated
↓
Equity eroded

Book equity 562.8k NOK → -1.21m NOK (equity ratio 13.9% → -40.1%). Calculated
↓
Cash fell

Bank deposits 1.21m NOK → 603.4k NOK (-50.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.08× → 0.14× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is -40.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation