FirmaIQ
Org.nr 988 713 597 2007 → 2008 Year-over-year analysis

ADACC INTERNATIONAL AS: årsregnskap 2008 vs 2007

Grew 534% on revenue, stronger earnings

approved 2009-03-26; registry 2009-08-27

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ADACC INTERNATIONAL AS. Revenue 913.9k NOK → 5.80m NOK (+534.2%). Net result +346.1k NOK → +597.4k NOK. Equity 502.7k NOK → 500.1k NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADACC INTERNATIONAL AS.

At a glance

Scorecard

Revenue
913.9k NOK 5.80m NOK
+534.2%
Net result
+346.1k NOK +597.4k NOK
+72.6%
Equity
502.7k NOK 500.1k NOK
-0.5%
Cash
239.6k NOK 262.1k NOK
+9.4%
Total assets
409.5k NOK 2.33m NOK
+469.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 913.9k NOK to 5.80m NOK (+534.2% YoY). Calculated

  • ↑

    Net result improved

    Net result +346.1k NOK → +597.4k NOK (net margin 37.9% → 10.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 239.6k NOK → 262.1k NOK (+9.4% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.61× → 2.89×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 502.7k NOK → 500.1k NOK (equity ratio 122.7% → 21.4%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.75m NOK → 3.77m NOK (191% → 65% of revenue). Calculated