FirmaIQ
Org.nr 989 796 739 2008 → 2009 Year-over-year analysis

NORDIC MINING ASA: årsregnskap 2009 vs 2008

Shrank 100% on revenue, stronger earnings, cash halved-plus

approved 2010-06-16; registry 2010-09-01; journal 2010 676441

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for NORDIC MINING ASA. Revenue 66.0k NOK → 0 NOK (-100.0%). Net result -43.07m NOK → -27.47m NOK.

On the constructive side: net result improved. Pressures included: revenue fell; cash fell; cogs moved.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for NORDIC MINING ASA.

At a glance

Scorecard

Revenue
66.0k NOK 0 NOK
-100.0%
Operating result
-37.90m NOK n/m
—
Net result
-43.07m NOK -27.47m NOK
+36.2%
Equity
n/m 42.3k NOK
—
Cash
39.09m NOK 5.83m NOK
-85.1%
Total assets
83.32m NOK 52.97m NOK
-36.4%

What improved

  • ↑

    Net result improved

    Net result -43.07m NOK → -27.47m NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 66.0k NOK to 0 NOK (-100.0% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 39.09m NOK → 5.83m NOK (-85.1% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 1.40m NOK → 6.41m NOK (+357.7% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (39.09m NOK → 5.83m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation