Akershus Traktor A/S: årsregnskap 2009 vs 2008
Grew 6% on revenue
approved 2010-05-31; registry 2010-08-21; journal 2010 611246
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for Akershus Traktor A/S. Revenue 212.79m NOK → 226.61m NOK (+6.5%). Equity 2.24m NOK → 914.8k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for Akershus Traktor A/S.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 212.79m NOK to 226.61m NOK (+6.5% YoY). Calculated
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↑
Cash rose
Bank deposits 1.33m NOK → 1.37m NOK (+2.6% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.03× → 1.87×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 2.24m NOK → 914.8k NOK (equity ratio 2.1% → 0.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 22.50m NOK → 24.70m NOK (11% → 11% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 12.18bn NOK → 12.19bn NOK (+0.1% YoY). Calculated