FirmaIQ
Org.nr 983 860 516 2008 → 2009 Year-over-year analysis

GENTIAN DIAGNOSTICS ASA: årsregnskap 2009 vs 2008

Shrank 7% on revenue, stronger earnings

approved 2010-06-02; registry 2010-09-01; journal 2010 680768

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for GENTIAN DIAGNOSTICS ASA. Revenue 8.33m NOK → 7.73m NOK (-7.2%). Net result 0 NOK → +999.1k NOK. Equity 100.1k NOK → 100.0k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for GENTIAN DIAGNOSTICS ASA.

At a glance

Scorecard

Revenue
8.33m NOK 7.73m NOK
-7.2%
Operating result
+283.4k NOK +1.64m NOK
+477.5%
Net result
0 NOK +999.1k NOK
—
Equity
100.1k NOK 100.0k NOK
-0.1%
Cash
152.0k NOK 105.7k NOK
-30.4%
Total assets
12.39m NOK 13.65m NOK
+10.1%

What improved

  • ↑

    Operating result improved

    Operating result +283.4k NOK → +1.64m NOK (op. margin 3.4% → 21.2%). Calculated

  • ↑

    Net result improved

    Net result 0 NOK → +999.1k NOK (net margin 0.0% → 12.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.33m NOK to 7.73m NOK (-7.2% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 152.0k NOK → 105.7k NOK (-30.4% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 4.81m NOK → 4.92m NOK (58% → 64% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation