123 INVEST AS: årsregnskap 2009 vs 2008
Stronger earnings
approved 2010-06-30; registry 2010-09-18; journal 2010 758581
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 123 INVEST AS. Revenue 3.29m NOK → 3.21m NOK (-2.5%). Net result +6 142 NOK → +180.5k NOK. Equity 196.6k NOK → 16.1k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +44.3k NOK → +176.4k NOK (op. margin 1.3% → 5.5%). Calculated
-
↑
Net result improved
Net result +6 142 NOK → +180.5k NOK (net margin 0.2% → 5.6%). Calculated
-
↑
Cash rose
Bank deposits 266.7k NOK → 444.4k NOK (+66.6% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.07× → 1.52×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.29m NOK to 3.21m NOK (-2.5% YoY). Calculated
-
↓
Equity eroded
Book equity 196.6k NOK → 16.1k NOK (equity ratio 40.6% → 22.4%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2.00m NOK → 2.13m NOK (61% → 66% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 354.6k NOK → 439.0k NOK (+23.8% YoY). Calculated