36 HOLMEN AS: årsregnskap 2009 vs 2008
Shrank 100% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 36 HOLMEN AS. Revenue 2.25m NOK → 0 NOK (-100.0%). Net result +828.1k NOK → +41.8k NOK. Equity 5 834 NOK → 40.9k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 36 HOLMEN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 5 834 NOK → 40.9k NOK. Calculated
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↑
Payroll decreased
Salary cost 2.10m NOK → 168.7k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.25m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +718.7k NOK → +267.4k NOK. Calculated
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↓
Net result weakened
Net result +828.1k NOK → +41.8k NOK. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 252.5k NOK → 85.6k NOK. Reported fact