FirmaIQ
Org.nr 882 811 972 2008 → 2009 Year-over-year analysis

HAVILA SHIPPING ASA: årsregnskap 2009 vs 2008

Shrank 100% on revenue, stronger earnings

approved 2010-03-26; registry 2010-06-22; journal 2010 444719

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for HAVILA SHIPPING ASA. Revenue 10.17bn NOK → 10.22m NOK (-99.9%). Net result +18 NOK → +76.25m NOK. Equity 229.58m NOK → 355.7k NOK.

On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for HAVILA SHIPPING ASA.

At a glance

Scorecard

Revenue
10.17bn NOK 10.22m NOK
-99.9%
Operating result
+4.93m NOK +2.97m NOK
-39.8%
Net result
+18 NOK +76.25m NOK
+423626522.2%
Equity
229.58m NOK 355.7k NOK
-99.8%
Total assets
737.49m NOK 970.0k NOK
-99.9%

What improved

  • ↑

    Net result improved

    Net result +18 NOK → +76.25m NOK (net margin 0.0% → 745.9%). Calculated

  • ↑

    Payroll decreased

    Salary cost 11.15bn NOK → 11.20m NOK (110% → 110% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.17bn NOK to 10.22m NOK (-99.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +4.93m NOK → +2.97m NOK (op. margin 0.0% → 29.0%). Calculated

  • ↓

    Equity eroded

    Book equity 229.58m NOK → 355.7k NOK (equity ratio 31.1% → 36.7%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 3.87× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 225.39m NOK → 238.5k NOK — check capital reduction, conversion, or reclassification. Interpretation