4H-VEST AS: årsregnskap 2010 vs 2009
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2011-06-16; registry 2011-09-06; journal 2011 707620
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 4H-VEST AS. Revenue 332.73m NOK → 374.2k NOK (-99.9%). Net result +361.3k NOK → +44.0k NOK. Equity 4.17m NOK → 3.94m NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 4H-VEST AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 332.73m NOK to 374.2k NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result +361.3k NOK → +44.0k NOK (net margin 0.1% → 11.8%). Calculated
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↓
Equity eroded
Book equity 4.17m NOK → 3.94m NOK (equity ratio 80.7% → 77.3%). Calculated
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↓
Cash fell
Bank deposits 115.0k NOK → 20.5k NOK (-82.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.26× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 372.3k NOK → 352.3k NOK. Reported fact