FirmaIQ
Org.nr 992 122 110 2009 → 2010 Year-over-year analysis

ADAX NORGE AS: årsregnskap 2010 vs 2009

Grew 50% on revenue, weaker earnings

approved 2011-03-07; registry 2011-08-22; journal 2011 613584

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ADAX NORGE AS. Revenue 8.40m NOK → 12.58m NOK (+49.7%). Net result +819.8k NOK → +190.1k NOK. Equity -1.61m NOK → 584.8k NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.

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

At a glance

Scorecard

Revenue
8.40m NOK 12.58m NOK
+49.7%
Operating result
+822.3k NOK +389.1k NOK
-52.7%
Net result
+819.8k NOK +190.1k NOK
-76.8%
Equity
-1.61m NOK 584.8k NOK
+136.4%
Total assets
1.86m NOK 1.94m NOK
+4.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 8.40m NOK to 12.58m NOK (+49.7% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity -1.61m NOK → 584.8k NOK (equity ratio -86.3% → 30.2%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +822.3k NOK → +389.1k NOK (op. margin 9.8% → 3.1%). Calculated

  • ↓

    Net result weakened

    Net result +819.8k NOK → +190.1k NOK (net margin 9.8% → 1.5%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 5.08m NOK → 7.64m NOK (+50.6% YoY). Calculated