FirmaIQ
Org.nr 947 014 781 2009 → 2010 Year-over-year analysis

A/S MILLENIUM: årsregnskap 2010 vs 2009

Weaker earnings, cash halved-plus

approved 2011-03-22; registry 2011-07-05; journal 2011 472827

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for A/S MILLENIUM. Revenue 0 NOK → 0 NOK (0.0%). Net result +4.33m NOK → +610.7k NOK. Equity 25.94m NOK → 25.65m NOK.

On the constructive side: owners injected capital. Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A/S MILLENIUM.

At a glance

Scorecard

Revenue
0 NOK 0 NOK
0.0%
Operating result
n/m -31.8k NOK
—
Net result
+4.33m NOK +610.7k NOK
-85.9%
Equity
25.94m NOK 25.65m NOK
-1.1%
Cash
9.97m NOK 1.44m NOK
-85.6%
Total assets
42.65m NOK 26.95m NOK
-36.8%

What improved

  • ↑

    Owners injected capital

    Paid-in equity rose 26.26m NOK → 26.36m NOK (+100.0k NOK). Reported fact

What deteriorated

  • ↓

    Net result weakened

    Net result +4.33m NOK → +610.7k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 25.94m NOK → 25.65m NOK (equity ratio 60.8% → 95.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 9.97m NOK → 1.44m NOK (-85.6% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (9.97m NOK → 1.44m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 8.96m NOK → 0 NOK. Reported fact