ACANTHUS UTVIKLING AS: årsregnskap 2009 vs 2008
Grew 107% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACANTHUS UTVIKLING AS. Revenue 8.72m NOK → 18.04m NOK (+106.9%). Net result +4.78m NOK → +676.8k NOK. Equity 7.93m NOK → 13.60m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ACANTHUS UTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.72m NOK to 18.04m NOK (+106.9% YoY). Calculated
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↑
Operating result improved
Operating result +4.15m NOK → +14.80m NOK (op. margin 47.6% → 82.0%). Calculated
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↑
Equity strengthened
Book equity 7.93m NOK → 13.60m NOK (equity ratio 20.1% → 29.3%). Calculated
What deteriorated
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↓
Net result weakened
Net result +4.78m NOK → +676.8k NOK (net margin 54.8% → 3.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 136 NOK → 3.88m NOK (0% → 21% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 101.6k NOK → 83.9k NOK. Reported fact