FirmaIQ
Org.nr 985 253 846 2008 → 2009 Year-over-year analysis

AD NAVIGATION AS: årsregnskap 2009 vs 2008

Shrank 51% on revenue, slipped into loss

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AD NAVIGATION AS. Revenue 8.63m NOK → 4.25m NOK (-50.7%). Net result +666.8k NOK → -585.5k NOK. Equity 2.77m NOK → 2.18m NOK.

Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AD NAVIGATION AS.

At a glance

Scorecard

Revenue
8.63m NOK 4.25m NOK
-50.7%
Net result
+666.8k NOK -585.5k NOK
-187.8%
Equity
2.77m NOK 2.18m NOK
-21.2%
Total assets
5.42m NOK 2.77m NOK
-48.9%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.63m NOK to 4.25m NOK (-50.7% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 666.8k NOK profit to a loss of 585.5k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.77m NOK → 2.18m NOK (equity ratio 51.0% → 78.8%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 844.6k NOK → 1.29m NOK (10% → 30% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 5.90m NOK → 2.50m NOK (-57.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 10.0k NOK → 54.5k NOK. Reported fact