Org.nr 991 711 392 2008 → 2009 Year-over-year analysis

4SUBSEA AS: årsregnskap 2009 vs 2008

Grew 64% on revenue, fresh owner capital

approved 2010-05-26; registry 2010-07-01; journal 2010 478255

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2009 with 2008 for 4SUBSEA AS. Revenue 28.32m NOK → 46.52m NOK (+64.3%). Equity 890.8k NOK → 7.22m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 4SUBSEA AS.

Scorecard

Revenue
28.32m NOK 46.52m NOK
+64.3%
Equity
890.8k NOK 7.22m NOK
+710.9%
Cash
556.2k NOK 8.53m NOK
+1433.7%
Total assets
15.59m NOK 19.93m NOK
+27.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 28.32m NOK to 46.52m NOK (+64.3% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 890.8k NOK → 7.22m NOK (equity ratio 5.7% → 36.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 556.2k NOK → 8.53m NOK (+1433.7% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 910.4k NOK → 3.85m NOK (+2.94m NOK). Reported fact

Things to notice

  • ·

    Payroll increased

    Salary cost 15.3k NOK → 25.93m NOK (0% → 56% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 2 200 NOK → 9.15m NOK (+415844.7% YoY). Calculated