AEDES INVEST AS: årsregnskap 2010 vs 2009
Grew 155% on revenue
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AEDES INVEST AS. Revenue -116.1k NOK → 63.9k NOK (+155.1%). Net result -3.40m NOK → -2.82m NOK. Equity 2.67m NOK → -149.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AEDES INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from -116.1k NOK to 63.9k NOK (+155.1% YoY). Calculated
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↑
Operating result improved
Operating result -325.0k NOK → -159.8k NOK (op. margin 279.9% → -249.9%). Calculated
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↑
Net result improved
Net result -3.40m NOK → -2.82m NOK (net margin 2927.6% → -4412.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 2.67m NOK → -149.4k NOK (equity ratio 21.0% → -18.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -18.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 79.9k NOK → 18.7k NOK (-76.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10.59m NOK → 11 NOK. Reported fact