FirmaIQ
Org.nr 989 194 364 2010 → 2011 Year-over-year analysis

AK-EIENDOM AS: årsregnskap 2011 vs 2010

Grew 21% on revenue, stronger earnings, cash halved-plus

approved 2012-05-25; registry 2012-06-13; journal 2012 424499

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for AK-EIENDOM AS. Revenue 4.97m NOK → 6.01m NOK (+21.0%). Net result -3.34m NOK → -1.76m NOK. Equity -2.85m NOK → -4.61m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AK-EIENDOM AS.

At a glance

Scorecard

Revenue
4.97m NOK 6.01m NOK
+21.0%
Operating result
+1.05m NOK +2.21m NOK
+110.7%
Net result
-3.34m NOK -1.76m NOK
+47.4%
Equity
-2.85m NOK -4.61m NOK
-61.6%
Cash
345.7k NOK 72.8k NOK
-79.0%
Total assets
63.23m NOK 62.13m NOK
-1.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.97m NOK to 6.01m NOK (+21.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.05m NOK → +2.21m NOK (op. margin 21.1% → 36.8%). Calculated

  • ↑

    Net result improved

    Net result -3.34m NOK → -1.76m NOK (net margin -67.2% → -29.2%). Calculated

  • ↑

    Payroll decreased

    Salary cost 575.6k NOK → 502.1k NOK (12% → 8% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -2.85m NOK → -4.61m NOK (equity ratio -4.5% → -7.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 345.7k NOK → 72.8k NOK (-79.0% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation