ELKEM ASA: årsregnskap 2009 vs 2008
Shrank 15% on revenue, stronger earnings
approved 2010-06-09; registry 2010-07-01; journal 2010 475496
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ELKEM ASA. Revenue 4.70bn NOK → 3.97bn NOK (-15.5%). Net result +391.4k NOK → +1.16bn NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ELKEM ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +391.4k NOK → +1.16bn NOK (net margin 0.0% → 29.2%). Calculated
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↑
Cash rose
Bank deposits 8.00m NOK → 13.00m NOK (+62.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 532.00m NOK → 14.49m NOK (11% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.70bn NOK to 3.97bn NOK (-15.5% YoY). Calculated
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↓
Operating result weakened
Operating result +80 NOK → -230.00m NOK (op. margin 0.0% → -5.8%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.41bn NOK → 3.01bn NOK (-11.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 13.53bn NOK → 16.99bn NOK. Reported fact