ADAPTIVE AS: årsregnskap 2010 vs 2009
Shrank 5% on revenue, stronger earnings
approved 2011-05-25; registry 2011-08-17; journal 2011 595989
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADAPTIVE AS. Revenue 5.31m NOK → 5.04m NOK (-5.1%). Net result +2 009 NOK → +277.6k NOK. Equity 2.28m NOK → 2.56m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADAPTIVE AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +2 009 NOK → +277.6k NOK (net margin 0.0% → 5.5%). Calculated
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↑
Equity strengthened
Book equity 2.28m NOK → 2.56m NOK (equity ratio 69.7% → 72.2%). Calculated
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↑
Cash rose
Bank deposits 2.59m NOK → 2.63m NOK (+1.5% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 5.31m NOK to 5.04m NOK (-5.1% YoY). Calculated
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↓
Operating result weakened
Operating result +869.1k NOK → +331.8k NOK (op. margin 16.4% → 6.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.25m NOK → 3.38m NOK (61% → 67% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 351.7k NOK → 20.0k NOK (-94.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 9 000 NOK → 37.5k NOK. Reported fact