AKASTOR ASA: årsregnskap 2010 vs 2009
Grew 167% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AKASTOR ASA. Revenue 18.00m NOK → 48.00m NOK (+166.7%). Net result +1.05m NOK → +3.15bn NOK. Equity 8.33bn NOK → 10.73bn NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKASTOR ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 18.00m NOK to 48.00m NOK (+166.7% YoY). Calculated
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Net result improved
Net result +1.05m NOK → +3.15bn NOK (net margin 5.8% → 6568.8%). Calculated
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Equity strengthened
Book equity 8.33bn NOK → 10.73bn NOK (equity ratio 29.8% → 35.3%). Calculated
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Current ratio back above 1×
Current ratio 0.52× → 1.10×. Calculated
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Owners injected capital
Paid-in equity rose 4.82bn NOK → 4.82bn NOK (+1.00m NOK). Reported fact
What deteriorated
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Operating result weakened
Operating result -95.00m NOK → -189.00m NOK (op. margin -527.8% → -393.8%). Calculated
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Cash fell
Bank deposits 1.10bn NOK → 298.00m NOK (-72.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.10bn NOK → 298.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 28.99bn NOK → 24.88bn NOK (-14.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 270 NOK → 15.48bn NOK. Reported fact