FirmaIQ
Org.nr 984 195 486 2008 → 2009 Year-over-year analysis

VOIM ASA: årsregnskap 2009 vs 2008

Shrank 42% on revenue, stronger earnings, fresh owner capital

approved 2010-06-02; registry 2010-09-13; journal 2010 745545

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for VOIM ASA. Revenue 636.93m NOK → 366.70m NOK (-42.4%). Net result -376.76m NOK → -81.30m NOK. Equity 480.43m NOK → 192.93m NOK.

On the constructive side: net result improved; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for VOIM ASA.

At a glance

Scorecard

Revenue
636.93m NOK 366.70m NOK
-42.4%
Operating result
-60.28m NOK -63.44m NOK
-5.2%
Net result
-376.76m NOK -81.30m NOK
+78.4%
Equity
480.43m NOK 192.93m NOK
-59.8%
Cash
168.51m NOK 163.25m NOK
-3.1%
Total assets
786.46m NOK 611.13m NOK
-22.3%

What improved

  • ↑

    Net result improved

    Net result -376.76m NOK → -81.30m NOK (net margin -59.2% → -22.2%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.12m NOK → 487.06m NOK (+485.94m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 6.22m NOK → 6.18m NOK (1% → 2% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 636.93m NOK to 366.70m NOK (-42.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -60.28m NOK → -63.44m NOK (op. margin -9.5% → -17.3%). Calculated

  • ↓

    Equity eroded

    Book equity 480.43m NOK → 192.93m NOK (equity ratio 61.1% → 31.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 168.51m NOK → 163.25m NOK (-3.1% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 76.30m NOK → 24.59m NOK. Reported fact