NORTH ENERGY ASA: årsregnskap 2010 vs 2009
Another loss-making year
approved 2011-05-11; registry 2011-06-28; journal 2011 445689
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for NORTH ENERGY ASA. Net result -64.4k NOK → -62.5k NOK. Equity 152.9k NOK → 480.5k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for NORTH ENERGY ASA.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 152.9k NOK → 480.5k NOK (equity ratio 63.1% → 75.6%). Calculated
-
↑
Cash rose
Bank deposits 45.67m NOK → 49.37m NOK (+8.1% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -207.6k NOK → -283.6k NOK. Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.52× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 269.77m NOK → 660.9k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 71000.11bn NOK → 177 NOK (-100.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 7 NOK → 67.52m NOK. Reported fact