SALMAR ASA: årsregnskap 2009 vs 2008
Shrank 100% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for SALMAR ASA. Revenue 29.61m NOK → 28.1k NOK (-99.9%). Net result +168.58m NOK → +291.7k NOK. Equity 214.2k NOK → 252.2k NOK.
On the constructive side: operating result improved; equity strengthened; owners injected capital. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for SALMAR ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -3.39m NOK → +584.8k NOK (op. margin -11.4% → 2084.3%). Calculated
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Equity strengthened
Book equity 214.2k NOK → 252.2k NOK (equity ratio 0.2% → 0.0%). Calculated
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Owners injected capital
Paid-in equity rose 156.1k NOK → 160.8k NOK (+4 696 NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 29.61m NOK to 28.1k NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result +168.58m NOK → +291.7k NOK (net margin 569.3% → 1039.6%). Calculated
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Cash fell
Bank deposits 572.0k NOK → 17.1k NOK (-97.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 922.0k NOK → 0 NOK (-100.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 193.0k NOK → 6 193 NOK. Reported fact