A STAKE AS: årsregnskap 2009 vs 2008
Mixed movements in the accounts
approved 2010-06-07; registry 2010-06-24; journal 2010 452283
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A STAKE AS. Revenue 5.69m NOK → 5.52m NOK (-2.9%). Equity -398.8k NOK → -501.2k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A STAKE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -673.1k NOK → -85.6k NOK (op. margin -11.8% → -1.6%). Calculated
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↑
Cash rose
Bank deposits 35.2k NOK → 38.2k NOK (+8.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.69m NOK to 5.52m NOK (-2.9% YoY). Calculated
-
↓
Equity eroded
Book equity -398.8k NOK → -501.2k NOK (equity ratio -70.1% → -82.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -82.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation