AE FROGNER AS: årsregnskap 2010 vs 2009
Shrank 30% on revenue
approved 2011-06-18; registry 2011-08-30; journal 2011 657087
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AE FROGNER AS. Revenue 602.2k NOK → 424.5k NOK (-29.5%). Equity -794.9k NOK → -920.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AE FROGNER AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 82.9k NOK → 59.7k NOK (14% → 14% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 602.2k NOK to 424.5k NOK (-29.5% YoY). Calculated
-
↓
Equity eroded
Book equity -794.9k NOK → -920.2k NOK (equity ratio -34.5% → -42.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.41× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -42.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 10.0k NOK → 10 NOK. Reported fact