A.R. INVEST AS: årsregnskap 2010 vs 2009
Stronger earnings
approved 2011-06-27; registry 2011-07-13; journal 2011 500601
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A.R. INVEST AS. Net result +366.6k NOK → +434.58m NOK. Equity 653.2k NOK → 1 130 NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A.R. INVEST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -5 543 NOK → +7 987 NOK. Calculated
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↑
Net result improved
Net result +366.6k NOK → +434.58m NOK. Calculated
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↑
Cash rose
Bank deposits 178.0k NOK → 448.7k NOK (+152.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 653.2k NOK → 1 130 NOK (equity ratio 80.1% → 0.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 386.1k NOK → 524.9k NOK. Reported fact