Org.nr 988 320 080 2010 → 2011 Year-over-year analysis

AK. GRIEG NORGE AS: årsregnskap 2011 vs 2010

Shrank 15% on revenue

approved 2012-06-18; registry 2012-08-21; journal 2012 623548

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for AK. GRIEG NORGE AS. Revenue 236.8k NOK → 201.2k NOK (-15.0%). Equity -282.3k NOK → -308.4k NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.

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

At a glance

Revenue

236.8k NOK 201.2k NOK

-15.0%

Operating result

+29.6k NOK -29.2k NOK

-198.5%

Equity

-282.3k NOK -308.4k NOK

-9.3%

Cash

n/m 76.7k NOK

—

Total assets

181.9k NOK 153.7k NOK

-15.5%

↓
Revenue fell

Operating income / revenue moved from 236.8k NOK to 201.2k NOK (-15.0% YoY). Calculated
↓
Operating result weakened

Operating result +29.6k NOK → -29.2k NOK (op. margin 12.5% → -14.5%). Calculated
↓
Equity eroded

Book equity -282.3k NOK → -308.4k NOK (equity ratio -155.2% → -200.6%). Calculated

·
Thin equity buffer

Equity ratio is -200.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation