A. ØSTVAAG AS: årsregnskap 2009 vs 2008
Weaker earnings
approved 2010-04-19; registry 2010-06-26; journal 2010 459335
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A. ØSTVAAG AS. Net result +761.5k NOK → +1 411 NOK. Equity 861.5k NOK → 263.4k NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A. ØSTVAAG AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +1 623 NOK → +22.8k NOK. Calculated
What deteriorated
-
↓
Net result weakened
Net result +761.5k NOK → +1 411 NOK. Calculated
-
↓
Equity eroded
Book equity 861.5k NOK → 263.4k NOK (equity ratio 18440.3% → 4.7%). Calculated
-
↓
Cash fell
Bank deposits 112.7k NOK → 80.6k NOK (-28.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 229.01× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 3 800 NOK → 3.80m NOK. Reported fact