AKAF AS: årsregnskap 2010 vs 2009
Mixed movements in the accounts
approved 2011-04-05; registry 2011-06-29; journal 2011 449799
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AKAF AS. Revenue 877.0k NOK → 881.9k NOK (+0.6%). Equity 702.9k NOK → 48.0k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKAF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 877.0k NOK to 881.9k NOK (+0.6% YoY). Calculated
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↑
Operating result improved
Operating result +528.0k NOK → +580.6k NOK (op. margin 60.2% → 65.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.73× → 1.10×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 702.9k NOK → 48.0k NOK (equity ratio 5.5% → 0.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation