ACTIV HOLDING AS: årsregnskap 2010 vs 2009
Returned to profit
approved 2011-06-30; registry 2011-09-05; journal 2011 700306
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ACTIV HOLDING AS. Revenue 360.0k NOK → 373.8k NOK (+3.8%). Net result -2 768 NOK → 0 NOK. Equity 779.4k NOK → 60.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIV HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 360.0k NOK to 373.8k NOK (+3.8% YoY). Calculated
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↑
Operating result improved
Operating result +140.7k NOK → +248.7k NOK (op. margin 39.1% → 66.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 2 768 NOK to a profit of 0 NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 779.4k NOK → 60.8k NOK (equity ratio 15.6% → 1.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation