AJA FORVALTNING AS: årsregnskap 2011 vs 2010
Shrank 77% on revenue
approved 2012-06-15; registry 2012-06-23; journal 2012 451525
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AJA FORVALTNING AS. Revenue 920.8k NOK → 216.3k NOK (-76.5%). Equity -761.8k NOK → -2.91m NOK.
On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. 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 -397.8k NOK → -354.6k NOK (op. margin -43.2% → -164.0%). Calculated
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↑
Cash rose
Bank deposits 73.2k NOK → 117.5k NOK (+60.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.67× → 1.68×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 920.8k NOK to 216.3k NOK (-76.5% YoY). Calculated
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↓
Equity eroded
Book equity -761.8k NOK → -2.91m NOK (equity ratio -23.0% → -90.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -90.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation