AC-SANDE EIENDOM AS: årsregnskap 2010 vs 2009
Grew 971% on revenue, weaker earnings
approved 2011-04-13; registry 2011-05-03; journal 2011 352264
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AC-SANDE EIENDOM AS. Revenue 36.6k NOK → 391.9k NOK (+970.8%). Net result -62.6k NOK → -134.2k NOK. Equity 37.4k NOK → -96.8k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AC-SANDE EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 36.6k NOK to 391.9k NOK (+970.8% YoY). Calculated
-
↑
Operating result improved
Operating result -49.9k NOK → +49.3k NOK (op. margin -136.4% → 12.6%). Calculated
-
↑
Cash rose
Bank deposits 3 228 NOK → 267.0k NOK (+8172.2% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result -62.6k NOK → -134.2k NOK (net margin -171.0% → -34.2%). Calculated
-
↓
Equity eroded
Book equity 37.4k NOK → -96.8k NOK (equity ratio 0.5% → -1.8%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -1.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation