GRIEG SEAFOOD ASA: årsregnskap 2009 vs 2008
Returned to profit
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for GRIEG SEAFOOD ASA. Net result -344.4k NOK → +230.9k NOK. Equity 927.6k NOK → 246.6k NOK.
On the constructive side: operating result improved; turned profitable; current ratio back above 1×. Pressures included: equity eroded; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for GRIEG SEAFOOD ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +137.7k NOK → +275.1k NOK. Calculated
-
↑
Turned profitable
Net result flipped from a loss of 344.4k NOK to a profit of 230.9k NOK. Calculated
-
↑
Current ratio back above 1×
Current ratio 0.80× → 1.16×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 927.6k NOK → 246.6k NOK. Calculated
-
↓
COGS moved
COGS / varekostnad 0 NOK → 900.6k NOK (None YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation