NORWEGIAN PROPERTY ASA: årsregnskap 2009 vs 2008
Grew 95% on revenue, slipped into loss
approved 2010-03-24; registry 2010-07-15; journal 2010 510099
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for NORWEGIAN PROPERTY ASA. Revenue 20.25m NOK → 39.57m NOK (+95.5%). Net result +469 NOK → -1.17bn NOK. Equity 5.12bn NOK → 4.98bn NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for NORWEGIAN PROPERTY ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.25m NOK to 39.57m NOK (+95.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1 583 NOK → -43.55m NOK (op. margin 0.0% → -110.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 469 NOK profit to a loss of 1.17bn NOK. Calculated
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↓
Equity eroded
Book equity 5.12bn NOK → 4.98bn NOK (equity ratio 54.9% → 57.2%). Calculated
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↓
Cash fell
Bank deposits 140.18m NOK → 108.08m NOK (-22.9% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 5.12bn NOK → 4.98bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 30.08m NOK → 53.13m NOK (149% → 134% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 8.57bn NOK → 8.38bn NOK. Reported fact