FirmaIQ
Org.nr 980 708 942 2008 → 2009 Year-over-year analysis

AD2R HOLDING AS: årsregnskap 2009 vs 2008

Grew 25% on revenue

approved 2010-04-20; registry 2010-05-11

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AD2R HOLDING AS. Revenue 5.05m NOK → 6.30m NOK (+24.6%). Net result +975.1k NOK → +981.4k NOK. Equity 833.2k NOK → 314.6k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AD2R HOLDING AS.

At a glance

Scorecard

Revenue
5.05m NOK 6.30m NOK
+24.6%
Net result
+975.1k NOK +981.4k NOK
+0.6%
Equity
833.2k NOK 314.6k NOK
-62.2%
Cash
405.7k NOK 892.7k NOK
+120.0%
Total assets
2.44m NOK 3.50m NOK
+43.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.05m NOK to 6.30m NOK (+24.6% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 405.7k NOK → 892.7k NOK (+120.0% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 833.2k NOK → 314.6k NOK (equity ratio 34.1% → 9.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 2.28m NOK → 2.46m NOK (45% → 39% of revenue). Calculated