GYLDENDAL ASA: årsregnskap 2009 vs 2008
Shrank 12% on revenue, stronger earnings
approved 2010-03-09; registry 2010-08-24; journal 2010 629068
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for GYLDENDAL ASA. Revenue 405.50m NOK → 354.99m NOK (-12.5%). Net result +1 016 NOK → +37.72m NOK. Equity 429.17m NOK → 433.2k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for GYLDENDAL ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +1 016 NOK → +37.72m NOK (net margin 0.0% → 10.6%). Calculated
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↑
Cash rose
Bank deposits 1.16m NOK → 95.10m NOK (+8119.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 405.50m NOK to 354.99m NOK (-12.5% YoY). Calculated
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↓
Operating result weakened
Operating result +4 NOK → -15.20m NOK (op. margin 0.0% → -4.3%). Calculated
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↓
Equity eroded
Book equity 429.17m NOK → 433.2k NOK (equity ratio 31.3% → 0.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 794.93m NOK → 16.81m NOK (-97.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 16 NOK → 566.69m NOK. Reported fact