4 SEASONS OSLO AS: årsregnskap 2009 vs 2008
Shrank 24% on revenue
approved 2010-06-25; registry 2010-08-31; journal 2010 671235
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 4 SEASONS OSLO AS. Revenue 568.9k NOK → 433.9k NOK (-23.7%). Equity 930.5k NOK → 140.0k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 4 SEASONS OSLO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +242.3k NOK → +698.2k NOK (op. margin 42.6% → 160.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 568.9k NOK to 433.9k NOK (-23.7% YoY). Calculated
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↓
Equity eroded
Book equity 930.5k NOK → 140.0k NOK (equity ratio 113.8% → 4.5%). Calculated
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↓
COGS moved
COGS / varekostnad 210.3k NOK → 638.8k NOK (+203.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2 400 NOK → 2.80m NOK. Reported fact