AKAF AS: årsregnskap 2006 vs 2005
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AKAF AS. Equity 100.0k NOK → 71.6k NOK.
Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKAF AS.
At a glance
Scorecard
Revenue
n/m
363.1k NOK
—
Equity
100.0k NOK
71.6k NOK
-28.4%
Total assets
110.0k NOK
15.55m NOK
+14033.7%
What deteriorated
-
↓
Equity eroded
Book equity 100.0k NOK → 71.6k NOK (equity ratio 90.9% → 0.5%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 11.00× → 0.68× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation