AD NOTAM FORLAG AS: årsregnskap 2009 vs 2008
Shrank 20% on revenue, slipped into loss
approved 2010-06-30; registry 2010-08-11; journal 2010 583502
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AD NOTAM FORLAG AS. Revenue 1.35m NOK → 1.09m NOK (-19.6%). Net result +46.1k NOK → -44.3k NOK. Equity 3.02m NOK → 2.18m NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. 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 NOTAM FORLAG AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 124.5k NOK → 223.9k NOK (+79.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.50× → 1.03×. Calculated
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↑
Payroll decreased
Salary cost 10 NOK → -28.7k NOK (0% → -3% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.35m NOK to 1.09m NOK (-19.6% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 46.1k NOK profit to a loss of 44.3k NOK. Calculated
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↓
Equity eroded
Book equity 3.02m NOK → 2.18m NOK (equity ratio 44.3% → 73.5%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 322.9k NOK → 239.7k NOK (-25.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5.24m NOK → 1.94m NOK. Reported fact