AD2R HOLDING AS: årsregnskap 2008 vs 2007
Grew 45% on revenue, stronger earnings
approved 2009-05-12; registry 2009-05-26
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AD2R HOLDING AS. Revenue 3.48m NOK → 5.05m NOK (+45.2%). Net result +90.8k NOK → +975.1k NOK. Equity 258.1k NOK → 833.2k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AD2R HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.48m NOK to 5.05m NOK (+45.2% YoY). Calculated
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↑
Net result improved
Net result +90.8k NOK → +975.1k NOK (net margin 2.6% → 19.3%). Calculated
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↑
Equity strengthened
Book equity 258.1k NOK → 833.2k NOK (equity ratio 20.2% → 34.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 693.9k NOK → 405.7k NOK (-41.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.03m NOK → 2.28m NOK (58% → 45% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2 277 NOK → 424.2k NOK (+18529.7% YoY). Calculated