AKERSHUS RENHOLD AS: årsregnskap 1993 vs 1992
Grew 18% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1993 with 1992 for AKERSHUS RENHOLD AS. Revenue 15.80m NOK → 18.67m NOK (+18.1%). Net result +507.3k NOK → +699.0k NOK. Equity -828.0k NOK → -1.12m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSHUS RENHOLD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 15.80m NOK to 18.67m NOK (+18.1% YoY). Calculated
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Operating result improved
Operating result +456.8k NOK → +645.2k NOK (op. margin 2.9% → 3.5%). Calculated
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Net result improved
Net result +507.3k NOK → +699.0k NOK (net margin 3.2% → 3.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -828.0k NOK → -1.12m NOK (equity ratio -19.3% → -22.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -22.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation