AK SKOG AS: årsregnskap 2011 vs 2010
Grew 213% on revenue
approved 2012-06-29; registry 2012-08-15; journal 2012 605454
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AK SKOG AS. Revenue 594.3k NOK → 1.86m NOK (+213.0%). Equity 103.7k NOK → 78.1k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for AK SKOG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 594.3k NOK to 1.86m NOK (+213.0% YoY). Calculated
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↑
Operating result improved
Operating result -97.9k NOK → -11.1k NOK (op. margin -16.5% → -0.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 103.7k NOK → 78.1k NOK (equity ratio 37.7% → 6.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5.13m NOK → 5.21m NOK (863% → 280% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 125.8k NOK → 45.7k NOK. Reported fact