7 STEEL NORDIC REINFORCING AS: årsregnskap 2009 vs 2008
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 7 STEEL NORDIC REINFORCING AS. Net result +211.61m NOK → +13.62m NOK. Equity 612.09m NOK → 625.71m NOK.
On the constructive side: equity strengthened. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC REINFORCING AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 612.09m NOK → 625.71m NOK (equity ratio 61.6% → 74.7%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +1.44m NOK → -1.20m NOK. Calculated
-
↓
Net result weakened
Net result +211.61m NOK → +13.62m NOK. Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.75× — 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 98.15m NOK → 620.67m NOK. Reported fact