AKASTOR AS: årsregnskap 2010 vs 2009
Shrank 100% on revenue, returned to profit, cash halved-plus
approved 2011-05-25; registry 2011-06-20; journal 2011 423465
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AKASTOR AS. Revenue 419.68m NOK → 683.6k NOK (-99.8%). Net result -67.84m NOK → +1.95bn NOK. Equity 5.23bn NOK → 4.90bn NOK.
On the constructive side: operating result improved; turned profitable; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKASTOR AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -38.69m NOK → -21.45m NOK (op. margin -9.2% → -3137.5%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 67.84m NOK to a profit of 1.95bn NOK. Calculated
-
↑
Owners injected capital
Paid-in equity rose 3.89bn NOK → 3.89bn NOK (+3.26m NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 419.68m NOK to 683.6k NOK (-99.8% YoY). Calculated
-
↓
Equity eroded
Book equity 5.23bn NOK → 4.90bn NOK (equity ratio 34.1% → 25.3%). Calculated
-
↓
Cash fell
Bank deposits 156.71m NOK → 411.8k NOK (-99.7% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (156.71m NOK → 411.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 13.80bn NOK → 15.61bn NOK. Reported fact