AKERSHUS HÅNDTVERKSTJENESTER AS: årsregnskap 2009 vs 2008
Shrank 25% on revenue
approved 2010-07-01; registry 2010-09-11; journal 2010 743112
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKERSHUS HÅNDTVERKSTJENESTER AS. Revenue 8.23m NOK → 6.20m NOK (-24.7%). Equity 354.6k NOK → -629.8k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKERSHUS HÅNDTVERKSTJENESTER AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 8.23m NOK to 6.20m NOK (-24.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +341.4k NOK → -756.0k NOK (op. margin 4.1% → -12.2%). Calculated
-
↓
Equity eroded
Book equity 354.6k NOK → -629.8k NOK (equity ratio 7.7% → -16.4%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 3.04m NOK → 3.16m NOK (37% → 51% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -16.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 761.3k NOK → 729.6k NOK. Reported fact