NUSSIR ASA: årsregnskap 2010 vs 2009
Weaker earnings, cash halved-plus
approved 2011-07-11; registry 2011-09-14; journal 2011 761117
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for NUSSIR ASA. Revenue 2 290 NOK → 2 290 NOK (0.0%). Net result -4.25m NOK → -7.62m NOK. Equity 32.29m NOK → 24.68m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for NUSSIR ASA.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -4.37m NOK → -7.34m NOK (op. margin -190910.2% → -320484.3%). Calculated
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↓
Net result weakened
Net result -4.25m NOK → -7.62m NOK (net margin -185510.3% → -332588.0%). Calculated
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↓
Equity eroded
Book equity 32.29m NOK → 24.68m NOK (equity ratio 95.5% → 71.2%). Calculated
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↓
Cash fell
Bank deposits 5.01m NOK → 396.6k NOK (-92.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 9.81× → 0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.01m NOK → 396.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 32.29m NOK → 24.68m NOK — check capital reduction, conversion, or reclassification. Interpretation