NORDIC MINING ASA: årsregnskap 2010 vs 2009
Returned to profit
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for NORDIC MINING ASA. Net result -27.47m NOK → +30.8k NOK. Equity 42.3k NOK → 40.1k NOK.
On the constructive side: turned profitable. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for NORDIC MINING ASA.
At a glance
Scorecard
Revenue
0 NOK
n/m
—
Net result
-27.47m NOK
+30.8k NOK
+100.1%
Equity
42.3k NOK
40.1k NOK
-5.1%
Cash
5.83m NOK
n/m
—
Total assets
52.97m NOK
48.4k NOK
-99.9%
What improved
-
↑
Turned profitable
Net result flipped from a loss of 27.47m NOK to a profit of 30.8k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 42.3k NOK → 40.1k NOK (equity ratio 0.1% → 82.9%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.62× → 0.58× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 85.0k NOK → 2 504 NOK. Reported fact