AKERSHAVE APARTMENTS AS: årsregnskap 2010 vs 2009
Grew 455692% on revenue, weaker earnings
approved 2011-11-07; registry 2011-11-14; journal 2011 795741
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AKERSHAVE APARTMENTS AS. Revenue 1 240 NOK → 5.65m NOK (+455692.3%). Net result -1.17m NOK → -3.60m NOK. Equity -1.07bn NOK → -4.67m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSHAVE APARTMENTS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 240 NOK to 5.65m NOK (+455692.3% YoY). Calculated
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↑
Equity strengthened
Book equity -1.07bn NOK → -4.67m NOK (equity ratio -127.8% → -581.9%). Calculated
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↑
Cash rose
Bank deposits 213.6k NOK → 247.5k NOK (+15.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -1.17m NOK → -3.60m NOK (net margin -94587.0% → -63.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 270.67× → 0.07× — 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 -581.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation