ACCENDIA AS: årsregnskap 2010 vs 2009
Stronger earnings
approved 2011-08-30; registry 2011-09-07; journal 2011 723099
Summary
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.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +31.1k NOK → +121.1k NOK (op. margin 41.5% → 161.5%). Calculated
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↑
Net result improved
Net result +4 NOK → +455.5k NOK (net margin 0.0% → 607.4%). Calculated
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↑
Cash rose
Bank deposits 13.2k NOK → 19.3k NOK (+46.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -925.5k NOK → -1.38m NOK (equity ratio -26.9% → -40.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -40.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 3.40m NOK → 3.40m NOK. Reported fact