AKERSHUS MOTOR AS: årsregnskap 2008 vs 2007
Shrank 97% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKERSHUS MOTOR AS. Revenue 11.76m NOK → 386.7k NOK (-96.7%). Net result +60.5k NOK → +98.1k NOK. Equity 819.8k NOK → 721.7k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AKERSHUS MOTOR AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +60.5k NOK → +98.1k NOK (net margin 0.5% → 25.4%). Calculated
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Payroll decreased
Salary cost 1.06m NOK → 1 059 NOK (9% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 11.76m NOK to 386.7k NOK (-96.7% YoY). Calculated
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Operating result weakened
Operating result +92.4k NOK → +15.9k NOK (op. margin 0.8% → 4.1%). Calculated
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↓
Equity eroded
Book equity 819.8k NOK → 721.7k NOK (equity ratio 70.7% → 86.9%). Calculated
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Current ratio dropped below 1×
Current ratio 1.30× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 9.99m NOK → 401.7k NOK (-96.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 600.3k NOK → 487.3k NOK. Reported fact