A/S Frilin: årsregnskap 2009 vs 2008
Grew 1743% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for A/S Frilin. Revenue 50.0k NOK → 921.5k NOK (+1743.0%). Net result +105.5k NOK → +778.9k NOK. Equity 398.9k NOK → 177.8k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A/S Frilin.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 50.0k NOK to 921.5k NOK (+1743.0% YoY). Calculated
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↑
Net result improved
Net result +105.5k NOK → +778.9k NOK (net margin 211.1% → 84.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 398.9k NOK → 177.8k NOK (equity ratio 25.9% → 7.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 1.15m NOK → 146.7k NOK. Reported fact