AKAF AS: årsregnskap 2011 vs 2010
Shrank 94% on revenue
approved 2012-03-06; registry 2012-05-22; journal 2012 383001
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AKAF AS. Revenue 881.9k NOK → 53.3k NOK (-94.0%). Equity 48.0k NOK → -24.9k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; 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
What improved
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↑
Operating result improved
Operating result +580.6k NOK → +727.4k NOK (op. margin 65.8% → 1365.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 881.9k NOK to 53.3k NOK (-94.0% YoY). Calculated
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↓
Equity eroded
Book equity 48.0k NOK → -24.9k NOK (equity ratio 0.4% → -0.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.10× → 0.27× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation