AKERSHUS REKLAME TEAM AS: årsregnskap 2008 vs 2007
Mixed movements in the accounts
approved 2009-08-10; registry 2009-08-18
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKERSHUS REKLAME TEAM AS. Revenue 15.85m NOK → 16.09m NOK (+1.5%). Equity 517.9k NOK → -526.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for AKERSHUS REKLAME TEAM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 15.85m NOK to 16.09m NOK (+1.5% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +15.8k NOK → -996.8k NOK (op. margin 0.1% → -6.2%). Calculated
-
↓
Equity eroded
Book equity 517.9k NOK → -526.2k NOK (equity ratio 8.5% → -11.9%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -11.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 432.0k NOK → 732 NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS moved
COGS / varekostnad 6.14m NOK → 6.53m NOK (+6.3% YoY). Calculated