AEKO INGIERVEIEN AS: årsregnskap 2009 vs 2008
Weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AEKO INGIERVEIEN AS. Net result +367.6k NOK → +167.0k NOK. Equity 571.5k NOK → 241.1k NOK.
On the constructive side: operating result improved; current ratio back above 1×. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AEKO INGIERVEIEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -223.3k NOK → +516.8k NOK. Calculated
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↑
Current ratio back above 1×
Current ratio 0.27× → 12.78×. Calculated
What deteriorated
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↓
Net result weakened
Net result +367.6k NOK → +167.0k NOK. Calculated
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↓
Equity eroded
Book equity 571.5k NOK → 241.1k NOK (equity ratio 4.3% → 1.6%). Calculated
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↓
Cash fell
Bank deposits 167.52m NOK → 2 119 NOK (-100.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (167.52m NOK → 2 119 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 181.4k NOK. Reported fact