AKERSHUS VVS AS: årsregnskap 2009 vs 2008
Grew 25% on revenue, cash halved-plus
approved 2010-04-28; registry 2010-05-08
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKERSHUS VVS AS. Revenue 8.81m NOK → 11.02m NOK (+25.1%). Equity 673.1k NOK → 45.9k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKERSHUS VVS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 8.81m NOK to 11.02m NOK (+25.1% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 673.1k NOK → 45.9k NOK (equity ratio 23.2% → 1.4%). Calculated
-
↓
Cash fell
Bank deposits 480.8k NOK → 175.9k NOK (-63.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2.30m NOK → 3.55m NOK (26% → 32% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 4.42m NOK → 5.04m NOK (+14.0% YoY). Calculated