AKERSHUS MOTOR AS: årsregnskap 2009 vs 2008
Shrank 100% on revenue, weaker earnings
approved 2010-06-30; registry 2010-09-11; journal 2010 740102
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKERSHUS MOTOR AS. Revenue 386.7k NOK → 386 NOK (-99.9%). Net result +98.1k NOK → +65.6k NOK. Equity 721.7k NOK → 787.4k NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
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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↑
Operating result improved
Operating result +15.9k NOK → +47.1k NOK (op. margin 4.1% → 12196.6%). Calculated
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↑
Equity strengthened
Book equity 721.7k NOK → 787.4k NOK (equity ratio 86.9% → 97.3%). Calculated
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↑
Cash rose
Bank deposits 3 312 NOK → 252.9k NOK (+7534.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 11.73×. Calculated
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Payroll decreased
Salary cost 1 059 NOK → -37.3k NOK (0% → -9659% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 386.7k NOK to 386 NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result +98.1k NOK → +65.6k NOK (net margin 25.4% → 17000.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 401.7k NOK → 26.0k NOK (-93.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 487.3k NOK → 556.0k NOK. Reported fact