ACCESS ADVENTURES AS: årsregnskap 2008 vs 2007
Grew 216365% on revenue, stronger earnings
approved 2009-06-30; registry 2009-09-12
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACCESS ADVENTURES AS. Revenue 2 314 NOK → 5.01m NOK (+216365.0%). Net result +70.8k NOK → +2.42m NOK. Equity 882.7k NOK → 772.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ACCESS ADVENTURES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 314 NOK to 5.01m NOK (+216365.0% YoY). Calculated
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↑
Operating result improved
Operating result -13.9k NOK → +3.53m NOK (op. margin -601.5% → 70.5%). Calculated
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↑
Net result improved
Net result +70.8k NOK → +2.42m NOK (net margin 3059.7% → 48.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 882.7k NOK → 772.2k NOK (equity ratio 113.2% → 14.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 8.85× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 485.8k NOK → 673.5k NOK (+38.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 38.5k NOK → 2.18m NOK. Reported fact