AKERSHUS FORSIKRINGSSENTER AS: årsregnskap 2009 vs 2008
Grew 12% on revenue, returned to profit
approved 2010-06-30; registry 2010-09-07; journal 2010 718882
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKERSHUS FORSIKRINGSSENTER AS. Revenue 7.38m NOK → 8.25m NOK (+11.7%). Net result -101.7k NOK → +158.7k NOK. Equity 121.7k NOK → 19.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AKERSHUS FORSIKRINGSSENTER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.38m NOK to 8.25m NOK (+11.7% YoY). Calculated
-
↑
Operating result improved
Operating result -127.0k NOK → +175.7k NOK (op. margin -1.7% → 2.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 101.7k NOK to a profit of 158.7k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 121.7k NOK → 19.1k NOK (equity ratio 91.7% → 1.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6.03m NOK → 6.51m NOK (82% → 79% of revenue). Calculated