AK-EIENDOM AS: årsregnskap 2010 vs 2009
Grew 9% on revenue, slipped into loss, cash halved-plus
approved 2011-02-21; registry 2011-03-03; journal 2011 308252
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AK-EIENDOM AS. Revenue 4.56m NOK → 4.97m NOK (+9.1%). Net result +3.63m NOK → -3.34m NOK. Equity 686.7k NOK → -2.85m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for AK-EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.56m NOK to 4.97m NOK (+9.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.68m NOK → +1.05m NOK (op. margin 36.8% → 21.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 3.63m NOK profit to a loss of 3.34m NOK. Calculated
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↓
Equity eroded
Book equity 686.7k NOK → -2.85m NOK (equity ratio 1.1% → -4.5%). Calculated
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↓
Cash fell
Bank deposits 2.12m NOK → 345.7k NOK (-83.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.5% 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 (2.12m NOK → 345.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation