AJA FORVALTNING AS: årsregnskap 2010 vs 2009
Shrank 12% on revenue
approved 2011-03-21; registry 2011-04-02; journal 2011 325920
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AJA FORVALTNING AS. Revenue 1.05m NOK → 920.8k NOK (-12.0%). Equity -269.3k NOK → -761.8k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AJA FORVALTNING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -528.9k NOK → -397.8k NOK (op. margin -50.5% → -43.2%). Calculated
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↑
Cash rose
Bank deposits 62.2k NOK → 73.2k NOK (+17.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.05m NOK to 920.8k NOK (-12.0% YoY). Calculated
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↓
Equity eroded
Book equity -269.3k NOK → -761.8k NOK (equity ratio -8.0% → -23.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -23.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 84.0k NOK → 10.0k NOK (-88.1% YoY). Calculated