AKA TRANSPORT AS: årsregnskap 2010 vs 2009
Shrank 6% on revenue, slipped into loss, fresh owner capital
approved 2011-03-10; registry 2011-06-15; journal 2011 409903
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AKA TRANSPORT AS. Revenue 1.71m NOK → 1.60m NOK (-6.4%). Net result +147.6k NOK → -205.2k NOK. Equity -43.2k NOK → -148.4k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKA TRANSPORT AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 103.1k NOK → 203.1k NOK (+100.0k NOK). Reported fact
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Payroll decreased
Salary cost 574.7k NOK → 519.1k NOK (34% → 32% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.71m NOK to 1.60m NOK (-6.4% YoY). Calculated
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↓
Operating result weakened
Operating result +40.6k NOK → -32.3k NOK (op. margin 2.4% → -2.0%). Calculated
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Fell into a net loss
Net result flipped from 147.6k NOK profit to a loss of 205.2k NOK. Calculated
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↓
Equity eroded
Book equity -43.2k NOK → -148.4k NOK (equity ratio -1.5% → -6.6%). Calculated
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↓
Cash fell
Bank deposits 466.6k NOK → 449.4k NOK (-3.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation