SELVAAG BOLIG ASA: årsregnskap 2009 vs 2008
Grew 42% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for SELVAAG BOLIG ASA. Revenue 130.3k NOK → 184.9k NOK (+42.0%). Net result -318.8k NOK → -24.2k NOK. Equity 182.2k NOK → 341.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for SELVAAG BOLIG ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 130.3k NOK to 184.9k NOK (+42.0% YoY). Calculated
-
↑
Operating result improved
Operating result -371 NOK → +83.4k NOK (op. margin -0.3% → 45.1%). Calculated
-
↑
Net result improved
Net result -318.8k NOK → -24.2k NOK (net margin -244.7% → -13.1%). Calculated
-
↑
Equity strengthened
Book equity 182.2k NOK → 341.1k NOK (equity ratio 11963.5% → 88.6%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 182.2k NOK → 341.1k NOK (+158.9k NOK). Reported fact
What deteriorated
-
↓
Cash fell
Bank deposits 4 878 NOK → 753 NOK (-84.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.39× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 123.9k NOK → 75.5k NOK (-39.1% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 637.3k NOK → 701.9k NOK. Reported fact