DNO ASA: årsregnskap 2009 vs 2008
Shrank 96% on revenue, stronger earnings, cash halved-plus
approved 2010-04-29; registry 2010-09-28; journal 2010 765292
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for DNO ASA. Revenue 74.64m NOK → 3.09m NOK (-95.9%). Net result -904.00m NOK → -270.00m NOK. Equity 1.79bn NOK → 1.56bn NOK.
On the constructive side: net result improved; owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for DNO ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -904.00m NOK → -270.00m NOK (net margin -1211.2% → -8732.2%). Calculated
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Owners injected capital
Paid-in equity rose 438.8k NOK → 311.34m NOK (+310.90m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 74.64m NOK to 3.09m NOK (-95.9% YoY). Calculated
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Operating result weakened
Operating result +8.00m NOK → -179.00m NOK (op. margin 10.7% → -5789.1%). Calculated
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↓
Equity eroded
Book equity 1.79bn NOK → 1.56bn NOK (equity ratio 38.8% → 39.7%). Calculated
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Cash fell
Bank deposits 139.84m NOK → 266.6k NOK (-99.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.09× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (139.84m NOK → 266.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 11.0k NOK → 437.9k NOK. Reported fact