AKERSHUS ENERGI VARME AS: årsregnskap 2008 vs 2007
Grew 41% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKERSHUS ENERGI VARME AS. Revenue 11.58m NOK → 16.37m NOK (+41.4%). Net result -629.0k NOK → +135.0k NOK. Equity 87.33m NOK → 90.51m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AKERSHUS ENERGI VARME AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.58m NOK to 16.37m NOK (+41.4% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 629.0k NOK to a profit of 135.0k NOK. Calculated
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↑
Equity strengthened
Book equity 87.33m NOK → 90.51m NOK (equity ratio 77.5% → 55.6%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.18m NOK → -350.0k NOK (op. margin 10.2% → -2.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.42× → 0.34× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 71.45m NOK → 91.6k NOK — check capital reduction, conversion, or reclassification. Interpretation