Org.nr 992 102 888 2009 → 2010 Year-over-year analysis

ACCENDIA AS: årsregnskap 2010 vs 2009

Stronger earnings

approved 2011-08-30; registry 2011-09-07; journal 2011 723099

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2010 with 2009 for ACCENDIA AS. Revenue 75.0k NOK → 75.0k NOK (0.0%). Net result +4 NOK → +455.5k NOK. Equity -925.5k NOK → -1.38m 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 ACCENDIA AS.

Scorecard

Revenue
75.0k NOK 75.0k NOK
0.0%
Operating result
+31.1k NOK +121.1k NOK
+289.3%
Net result
+4 NOK +455.5k NOK
+11388000.0%
Equity
-925.5k NOK -1.38m NOK
-49.2%
Cash
13.2k NOK 19.3k NOK
+46.0%
Total assets
3.44m NOK 3.44m NOK
+0.1%

What improved

  • ↑

    Operating result improved

    Operating result +31.1k NOK → +121.1k NOK (op. margin 41.5% → 161.5%). Calculated

  • ↑

    Net result improved

    Net result +4 NOK → +455.5k NOK (net margin 0.0% → 607.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 13.2k NOK → 19.3k NOK (+46.0% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -925.5k NOK → -1.38m NOK (equity ratio -26.9% → -40.2%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -40.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 3.40m NOK → 3.40m NOK. Reported fact