AB FJORDLAND AS: årsregnskap 2010 vs 2009
Returned to profit
approved 2011-06-30; registry 2011-09-07; journal 2011 720833
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AB FJORDLAND AS. Revenue 186.5k NOK → 183.0k NOK (-1.9%). Net result -30.5k NOK → +19.3k NOK. Equity -507.5k NOK → -488.2k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AB FJORDLAND AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +32.2k NOK → +80.4k NOK (op. margin 17.2% → 43.9%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 30.5k NOK to a profit of 19.3k NOK. Calculated
-
↑
Equity strengthened
Book equity -507.5k NOK → -488.2k NOK (equity ratio -25.8% → -26.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 186.5k NOK to 183.0k NOK (-1.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -26.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation