AB Invest A/S: årsregnskap 2009 vs 2008
Shrank 5% on revenue, cash halved-plus
approved 2010-06-30; registry 2010-09-08; journal 2010 740546
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AB Invest A/S. Revenue 129.96m NOK → 123.01m NOK (-5.3%). Equity 187.74m NOK → 189.94m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AB Invest A/S.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 187.74m NOK → 189.94m NOK (equity ratio 90.6% → 90.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 129.96m NOK to 123.01m NOK (-5.3% YoY). Calculated
-
↓
Cash fell
Bank deposits 20.67m NOK → 8.10m NOK (-60.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (20.67m NOK → 8.10m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS fell
COGS / varekostnad 3.88m NOK → 3.19m NOK (-17.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 55.5k NOK → 10.32m NOK. Reported fact