ECOTEQ ENERGY ASA: årsregnskap 2009 vs 2008
Grew 2462% on revenue
approved 2011-02-28; registry 2011-04-19; journal 2011 343685
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ECOTEQ ENERGY ASA. Revenue 250.7k NOK → 6.42m NOK (+2461.6%). Equity 239.78m NOK → 76.79m NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ECOTEQ ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 250.7k NOK to 6.42m NOK (+2461.6% YoY). Calculated
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↑
Cash rose
Bank deposits 4.25m NOK → 9.79m NOK (+130.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 13.84m NOK → 7.78m NOK (5519% → 121% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -76.88m NOK → -198.72m NOK (op. margin -30659.4% → -3093.9%). Calculated
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↓
Equity eroded
Book equity 239.78m NOK → 76.79m NOK (equity ratio 68.4% → 38.1%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 252.04m NOK → 344.1k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 345.46m NOK → 191.34m NOK. Reported fact