ADAPTI AS: årsregnskap 2008 vs 2007
Grew 43% on revenue, stronger earnings
approved 2009-03-02; registry 2009-06-23
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADAPTI AS. Revenue 4.28m NOK → 6.13m NOK (+43.3%). Net result +66.5k NOK → +188.7k NOK. Equity 320.9k NOK → 509.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADAPTI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.28m NOK to 6.13m NOK (+43.3% YoY). Calculated
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↑
Net result improved
Net result +66.5k NOK → +188.7k NOK (net margin 1.6% → 3.1%). Calculated
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↑
Equity strengthened
Book equity 320.9k NOK → 509.5k NOK (equity ratio 36.5% → 132.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +79.0k NOK → +21.4k NOK (op. margin 1.8% → 0.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.53× → 0.40× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 384.7k NOK → 1.05m NOK (9% → 17% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.19m NOK → 4.21m NOK (+31.8% YoY). Calculated