Org.nr 994 297 422 2008 → 2009 Year-over-year analysis

THOR MEDICAL ASA: årsregnskap 2009 vs 2008

Weaker earnings, fresh owner capital

approved 2010-05-27; registry 2010-06-08; journal 2010 411600

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for THOR MEDICAL ASA. Net result +2.31m NOK → +2 009 NOK. Equity 51 NOK → -1 205 NOK.

On the constructive side: owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for THOR MEDICAL ASA.

At a glance

Revenue

n/m 0 NOK

—

Operating result

0 NOK -2.31m NOK

—

Net result

+2.31m NOK +2 009 NOK

-99.9%

Equity

51 NOK -1 205 NOK

-2462.7%

Cash

476 NOK 1 102 NOK

+131.5%

Total assets

813 NOK 2 396 NOK

+194.7%

↑
Owners injected capital

Paid-in equity rose 0 NOK → 1 100 NOK (+1 100 NOK). Reported fact

↓
Operating result weakened

Operating result 0 NOK → -2.31m NOK. Calculated
↓
Net result weakened

Net result +2.31m NOK → +2 009 NOK. Calculated
↓
Equity eroded

Book equity 51 NOK → -1 205 NOK (equity ratio 6.3% → -50.3%). Calculated

·
Thin equity buffer

Equity ratio is -50.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation