A MIDDELTHON AS: årsregnskap 2009 vs 2008
Grew 8% on revenue, stronger earnings
approved 2010-04-08; registry 2010-04-12
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A MIDDELTHON AS. Revenue 1.27m NOK → 1.36m NOK (+7.5%). Net result +349 NOK → +289.6k NOK. Equity 1.21m NOK → 1.50m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A MIDDELTHON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.27m NOK to 1.36m NOK (+7.5% YoY). Calculated
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↑
Net result improved
Net result +349 NOK → +289.6k NOK (net margin 0.0% → 21.2%). Calculated
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↑
Equity strengthened
Book equity 1.21m NOK → 1.50m NOK (equity ratio 13.6% → 17.4%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 3.45× → 0.06× — 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 1.00m NOK → 1.02m NOK. Reported fact