FirmaIQ
Org.nr 991 408 495 2008 → 2009 Year-over-year analysis

AIBEL HOLDING III AS: årsregnskap 2009 vs 2008

Stronger earnings, cash halved-plus

approved 2010-06-29; registry 2010-08-05; journal 2010 572397

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AIBEL HOLDING III AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -1.40bn NOK → -404.00m NOK. Equity 951.19m NOK → 1.95bn NOK.

On the constructive side: net result improved; equity strengthened; owners injected capital. Pressures included: cash fell; payroll up without matching revenue; cogs moved.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AIBEL HOLDING III AS.

At a glance

Scorecard

Revenue
0 NOK 0 NOK
0.0%
Net result
-1.40bn NOK -404.00m NOK
+71.1%
Equity
951.19m NOK 1.95bn NOK
+105.5%
Cash
326.00m NOK 25.38m NOK
-92.2%
Total assets
972.10m NOK 2.03bn NOK
+108.8%

What improved

  • ↑

    Net result improved

    Net result -1.40bn NOK → -404.00m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 951.19m NOK → 1.95bn NOK (equity ratio 97.8% → 96.3%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.77bn NOK → 1.79bn NOK (+17.33m NOK). Reported fact

What deteriorated

  • ↓

    Cash fell

    Bank deposits 326.00m NOK → 25.38m NOK (-92.2% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3.14m NOK → 2.54bn NOK. Calculated

  • ↓

    COGS moved

    COGS / varekostnad 728.00m NOK → 1.53bn NOK (+110.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (326.00m NOK → 25.38m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 71.00m NOK → 68.00m NOK. Reported fact