FirmaIQ
Org.nr 992 122 110 2008 → 2009 Year-over-year analysis

ADAX NORGE AS: årsregnskap 2009 vs 2008

Grew 122813% on revenue, returned to profit

approved 2010-03-01; registry 2010-03-09

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ADAX NORGE AS. Revenue 6 836 NOK → 8.40m NOK (+122813.3%). Net result -2 529 NOK → +819.8k NOK. Equity -2 425 NOK → -1.61m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADAX NORGE AS.

At a glance

Scorecard

Revenue
6 836 NOK 8.40m NOK
+122813.3%
Operating result
-2.53m NOK +822.3k NOK
+132.5%
Net result
-2 529 NOK +819.8k NOK
+32516.2%
Equity
-2 425 NOK -1.61m NOK
-66100.8%
Total assets
1 635 NOK 1.86m NOK
+113615.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6 836 NOK to 8.40m NOK (+122813.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -2.53m NOK → +822.3k NOK (op. margin -36974.5% → 9.8%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 2 529 NOK to a profit of 819.8k NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -2 425 NOK → -1.61m NOK (equity ratio -148.3% → -86.3%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 5 504 NOK → 5.08m NOK (+92117.4% YoY). Calculated