Org.nr 891 797 702 2008 → 2009 Year-over-year analysis

NORTH ENERGY ASA: årsregnskap 2009 vs 2008

Weaker earnings, fresh owner capital

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for NORTH ENERGY ASA. Net result -39.3k NOK → -64.4k NOK. Equity 115.51m NOK → 152.9k NOK.

On the constructive side: operating result improved; cash rose; owners injected capital. Pressures included: net result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for NORTH ENERGY ASA.

At a glance

Revenue

0 NOK n/m

—

Operating result

-143.36m NOK -207.6k NOK

+99.9%

Net result

-39.3k NOK -64.4k NOK

-64.0%

Equity

115.51m NOK 152.9k NOK

-99.9%

Cash

13.33m NOK 45.67m NOK

+242.6%

Total assets

146.90m NOK 242.3k NOK

-99.8%

↑
Operating result improved

Operating result -143.36m NOK → -207.6k NOK. Calculated
↑
Cash rose

Bank deposits 13.33m NOK → 45.67m NOK (+242.6% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 161.74m NOK → 269.77m NOK (+108.03m NOK). Reported fact

↓
Net result weakened

Net result -39.3k NOK → -64.4k NOK. Calculated
↓
Equity eroded

Book equity 115.51m NOK → 152.9k NOK (equity ratio 78.6% → 63.1%). Calculated

·
Book investments changed

Investment / intangible book value 510.5k NOK → 7 NOK. Reported fact