A. MARTINSEN INVEST AS: årsregnskap 2009 vs 2008
Shrank 13% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A. MARTINSEN INVEST AS. Revenue 762.5k NOK → 660.0k NOK (-13.4%). Net result 0 NOK → +649.9k NOK. Equity 3.64m NOK → 3.94m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. MARTINSEN INVEST AS.
At a glance
Scorecard
What improved
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Net result improved
Net result 0 NOK → +649.9k NOK (net margin 0.0% → 98.5%). Calculated
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↑
Equity strengthened
Book equity 3.64m NOK → 3.94m NOK (equity ratio 40.3% → 73.9%). Calculated
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↑
Cash rose
Bank deposits 211.2k NOK → 275.2k NOK (+30.3% YoY). Calculated
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Payroll decreased
Salary cost 227.1k NOK → 1 NOK (30% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 762.5k NOK to 660.0k NOK (-13.4% YoY). Calculated
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↓
Operating result weakened
Operating result +408.7k NOK → +147.5k NOK (op. margin 53.6% → 22.3%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 8.96m NOK → 4.16m NOK. Reported fact