5895 INVEST AS: årsregnskap 2009 vs 2008
Shrank 41% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 5895 INVEST AS. Revenue 887.6k NOK → 525.5k NOK (-40.8%). Net result +56.9k NOK → +60.2k NOK. Equity 269.6k NOK → 329.8k NOK.
On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 5895 INVEST AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +56.9k NOK → +60.2k NOK (net margin 6.4% → 11.5%). Calculated
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Equity strengthened
Book equity 269.6k NOK → 329.8k NOK (equity ratio 112.4% → 17.5%). Calculated
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Current ratio back above 1×
Current ratio 0.78× → 507.89×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 887.6k NOK to 525.5k NOK (-40.8% YoY). Calculated
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↓
Operating result weakened
Operating result +139.2k NOK → +123.7k NOK (op. margin 15.7% → 23.5%). Calculated
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Cash fell
Bank deposits 309.8k NOK → 84.3k NOK (-72.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 536.7k NOK → 1.18m NOK (60% → 224% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 883.9k NOK → 1.36m NOK. Reported fact