ELOPAK ASA: årsregnskap 2009 vs 2008
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ELOPAK ASA. Net result +42.5k NOK → +133.7k NOK. Equity 994.4k NOK → 545.8k NOK.
On the constructive side: net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ELOPAK ASA.
At a glance
Scorecard
Revenue
n/m
359.65m NOK
—
Operating result
n/m
+23 NOK
—
Net result
+42.5k NOK
+133.7k NOK
+214.2%
Equity
994.4k NOK
545.8k NOK
-45.1%
Cash
7 136 NOK
6 779 NOK
-5.0%
Total assets
2.22m NOK
1.84m NOK
-17.0%
What improved
-
↑
Net result improved
Net result +42.5k NOK → +133.7k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 994.4k NOK → 545.8k NOK (equity ratio 44.8% → 29.6%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.31× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 692.4k NOK → 516.8k NOK — check capital reduction, conversion, or reclassification. Interpretation