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Org.nr 990 918 546 2008 → 2009 Year-over-year analysis

SCATEC ASA: årsregnskap 2009 vs 2008

Grew 4012% on revenue, slipped into loss

approved 2010-06-30; registry 2010-09-01; journal 2010 679054

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for SCATEC ASA. Revenue 207.8k NOK → 8.54m NOK (+4011.6%). Net result +14.81m NOK → -10.73m NOK. Equity 147.72m NOK → 68.62m NOK.

On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for SCATEC ASA.

At a glance

Scorecard

Revenue
207.8k NOK 8.54m NOK
+4011.6%
Operating result
-19.46m NOK n/m
—
Net result
+14.81m NOK -10.73m NOK
-172.5%
Equity
147.72m NOK 68.62m NOK
-53.5%
Cash
4.16m NOK 2.53m NOK
-39.3%
Total assets
380.81m NOK 292.18m NOK
-23.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 207.8k NOK to 8.54m NOK (+4011.6% YoY). Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 14.81m NOK profit to a loss of 10.73m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 147.72m NOK → 68.62m NOK (equity ratio 38.8% → 23.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 4.16m NOK → 2.53m NOK (-39.3% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4 321 NOK → 14.80m NOK (2% → 173% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 2 205 NOK → 370.0k NOK (+16680.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 2 867 NOK → 2.60m NOK. Reported fact