AD:NUM AS: årsregnskap 2009 vs 2008
Grew 23% on revenue, weaker earnings
approved 2010-02-07; registry 2010-03-17
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AD:NUM AS. Revenue 2.61m NOK → 3.22m NOK (+23.4%). Net result +120.7k NOK → +96.4k NOK. Equity 282.2k NOK → 378.6k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AD:NUM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.61m NOK to 3.22m NOK (+23.4% YoY). Calculated
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↑
Equity strengthened
Book equity 282.2k NOK → 378.6k NOK (equity ratio 12.3% → 14.4%). Calculated
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↑
Cash rose
Bank deposits 381.7k NOK → 709.0k NOK (+85.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +198.1k NOK → +86 NOK (op. margin 7.6% → 0.0%). Calculated
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↓
Net result weakened
Net result +120.7k NOK → +96.4k NOK (net margin 4.6% → 3.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.39m NOK → 2.02m NOK (53% → 63% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 80.4k NOK → 30.8k NOK (-61.7% YoY). Calculated