ACCESS ADVENTURES AS: årsregnskap 2009 vs 2008
Grew 46% on revenue, weaker earnings
approved 2011-01-06; registry 2011-03-10; journal 2011 311317
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACCESS ADVENTURES AS. Revenue 5.01m NOK → 7.31m NOK (+45.9%). Net result +2.42m NOK → +1.66m NOK. Equity 772.2k NOK → 465.6k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; 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 5.01m NOK to 7.31m NOK (+45.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.44× → 1.27×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +3.53m NOK → +2.57m NOK (op. margin 70.5% → 35.1%). Calculated
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↓
Net result weakened
Net result +2.42m NOK → +1.66m NOK (net margin 48.2% → 22.7%). Calculated
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↓
Equity eroded
Book equity 772.2k NOK → 465.6k NOK (equity ratio 14.2% → 11.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 5 374 NOK → 5.54m NOK (0% → 76% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 2.18m NOK → 1.64m NOK. Reported fact