NASDAQ OSLO ASA: årsregnskap 2009 vs 2008
Shrank 49% on revenue, weaker earnings, cash halved-plus
approved 2010-03-10; registry 2010-09-04; journal 2010 696468
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for NASDAQ OSLO ASA. Revenue 206.92m NOK → 105.95m NOK (-48.8%). Net result +2.20bn NOK → +43.01m NOK. Equity 275.41bn NOK → 274.33m NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for NASDAQ OSLO ASA.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.92× → 3.83×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 206.92m NOK to 105.95m NOK (-48.8% YoY). Calculated
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↓
Operating result weakened
Operating result +1.58bn NOK → +22.95m NOK (op. margin 761.5% → 21.7%). Calculated
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↓
Net result weakened
Net result +2.20bn NOK → +43.01m NOK (net margin 1063.4% → 40.6%). Calculated
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↓
Equity eroded
Book equity 275.41bn NOK → 274.33m NOK (equity ratio 10113.7% → 56.9%). Calculated
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↓
Cash fell
Bank deposits 2.12bn NOK → 365.94m NOK (-82.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.12bn NOK → 365.94m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 562610444.89bn NOK → 100.09m NOK. Reported fact