7ERTSEN AS: årsregnskap 2009 vs 2008
Weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 7ERTSEN AS. Net result +254.4k NOK → +98.5k NOK. Equity 8.46m NOK → 8.56m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for 7ERTSEN AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -20.2k NOK → -15.0k NOK. Calculated
-
↑
Equity strengthened
Book equity 8.46m NOK → 8.56m NOK (equity ratio 97.8% → 90.8%). Calculated
What deteriorated
-
↓
Net result weakened
Net result +254.4k NOK → +98.5k NOK. Calculated
-
↓
Cash fell
Bank deposits 2.19m NOK → 802.0k NOK (-63.4% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.19m NOK → 802.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation