Akershus Traktor A/S: årsregnskap 2008 vs 2007
Shrank 7% on revenue
approved 2009-06-16; registry 2009-08-03
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for Akershus Traktor A/S. Revenue 228.56m NOK → 212.79m NOK (-6.9%). Equity 5.56m NOK → 2.24m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for Akershus Traktor A/S.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1.23m NOK → 1.33m NOK (+8.3% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 228.56m NOK to 212.79m NOK (-6.9% YoY). Calculated
-
↓
Equity eroded
Book equity 5.56m NOK → 2.24m NOK (equity ratio 5.9% → 2.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 12.19bn NOK → 12.18bn NOK (-0.1% YoY). Calculated