AK STANG AS: årsregnskap 2011 vs 2010
Slipped into loss
approved 2012-05-14; registry 2012-07-17; journal 2012 545408
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AK STANG AS. Revenue 4.67m NOK → 4.70m NOK (+0.6%). Net result +3.18m NOK → -7.31m NOK. Equity 10.86m NOK → 3.51m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for AK STANG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.67m NOK to 4.70m NOK (+0.6% YoY). Calculated
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↑
Operating result improved
Operating result +3.07m NOK → +3.82m NOK (op. margin 65.7% → 81.1%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 3.18m NOK profit to a loss of 7.31m NOK. Calculated
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↓
Equity eroded
Book equity 10.86m NOK → 3.51m NOK (equity ratio 12.7% → 4.5%). 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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·
Payroll increased
Salary cost 1.11m NOK → 3.48m NOK (24% → 74% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 11.34m NOK → 6.00m NOK. Reported fact