ACCESS! AS: årsregnskap 2009 vs 2008
Grew 75% on revenue, weaker earnings
approved 2010-05-25; registry 2010-06-10; journal 2010 417225
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACCESS! AS. Revenue 1.40m NOK → 2.44m NOK (+74.9%). Net result +2.77m NOK → +73.6k NOK. Equity 3.77m NOK → 3.68m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell; 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 1.40m NOK to 2.44m NOK (+74.9% YoY). Calculated
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↑
Cash rose
Bank deposits 295.9k NOK → 1.04m NOK (+250.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +558.5k NOK → +243.1k NOK (op. margin 40.0% → 9.9%). Calculated
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↓
Net result weakened
Net result +2.77m NOK → +73.6k NOK (net margin 198.3% → 3.0%). Calculated
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↓
Equity eroded
Book equity 3.77m NOK → 3.68m NOK (equity ratio 76.4% → 73.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 566.3k NOK → 1.34m NOK (41% → 55% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 45.1k NOK → 2 160 NOK (-95.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.32m NOK → 1.93m NOK. Reported fact