AKERSHUS MILJØENTREPRENØR AS: årsregnskap 2008 vs 2007
Shrank 81% on revenue, weaker earnings
approved 2009-06-29; registry 2009-08-11
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKERSHUS MILJØENTREPRENØR AS. Revenue 1.42m NOK → 266.6k NOK (-81.3%). Net result -81.7k NOK → -291.3k NOK. Equity 200.6k NOK → -90.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKERSHUS MILJØENTREPRENØR AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 375.1k NOK → 3 743 NOK (26% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.42m NOK to 266.6k NOK (-81.3% YoY). Calculated
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↓
Operating result weakened
Operating result -76.6k NOK → -306.1k NOK (op. margin -5.4% → -114.8%). Calculated
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↓
Net result weakened
Net result -81.7k NOK → -291.3k NOK (net margin -5.7% → -109.2%). Calculated
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↓
Equity eroded
Book equity 200.6k NOK → -90.7k NOK (equity ratio 14.6% → -8.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 458.8k NOK → 78.6k NOK (-82.9% YoY). Calculated