NASDAQ OSLO ASA: årsregnskap 2010 vs 2009
Shrank 10% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for NASDAQ OSLO ASA. Revenue 105.95m NOK → 95.74m NOK (-9.6%). Net result +43.01m NOK → +25.9k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NASDAQ OSLO ASA.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +22.95m NOK → +33.07m NOK (op. margin 21.7% → 34.5%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 105.95m NOK to 95.74m NOK (-9.6% YoY). Calculated
-
↓
Net result weakened
Net result +43.01m NOK → +25.9k NOK (net margin 40.6% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 365.94m NOK → 80.66m NOK (-78.0% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (365.94m NOK → 80.66m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 268.33m NOK → 25.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 100.09m NOK → 2 100 NOK. Reported fact