ACCESS! AS: årsregnskap 2008 vs 2007
Grew 102% on revenue, stronger earnings
approved 2009-06-29; registry 2009-07-08
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACCESS! AS. Revenue 690.9k NOK → 1.40m NOK (+102.3%). Net result +896.2k NOK → +2.77m NOK. Equity 1.60m NOK → 3.77m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ACCESS! AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 690.9k NOK to 1.40m NOK (+102.3% YoY). Calculated
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↑
Net result improved
Net result +896.2k NOK → +2.77m NOK (net margin 129.7% → 198.3%). Calculated
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↑
Equity strengthened
Book equity 1.60m NOK → 3.77m NOK (equity ratio 53.9% → 76.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 1.17×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +846.2k NOK → +558.5k NOK (op. margin 122.5% → 40.0%). Calculated
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↓
Cash fell
Bank deposits 334.6k NOK → 295.9k NOK (-11.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 260.9k NOK → 566.3k NOK (38% → 41% of revenue). Calculated
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COGS moved
COGS / varekostnad 0 NOK → 45.1k NOK (None YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.09m NOK → 1.32m NOK. Reported fact