AKER UTVIKLING AS: årsregnskap 2010 vs 2009
Grew 44% on revenue, returned to profit
approved 2011-06-15; registry 2011-09-12; journal 2011 754669
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AKER UTVIKLING AS. Revenue 133.32m NOK → 192.06m NOK (+44.1%). Net result -11.7k NOK → +1.21m NOK. Equity 1.31m NOK → 2.64m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKER UTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 133.32m NOK to 192.06m NOK (+44.1% YoY). Calculated
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↑
Operating result improved
Operating result -30.1k NOK → +972.5k NOK (op. margin -0.0% → 0.5%). Calculated
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Turned profitable
Net result flipped from a loss of 11.7k NOK to a profit of 1.21m NOK. Calculated
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↑
Equity strengthened
Book equity 1.31m NOK → 2.64m NOK (equity ratio 0.3% → 0.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.00×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.01m NOK → 688.4k NOK (-31.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.85m NOK → 2.99m NOK (2% → 2% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.13bn NOK → 5.19bn NOK (+1.1% YoY). Calculated