ADB-SENTERET AS: årsregnskap 2008 vs 2007
Grew 13% on revenue
approved 2009-06-29; registry 2009-08-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADB-SENTERET AS. Revenue 4.60m NOK → 5.17m NOK (+12.5%). Net result 0 NOK → 0 NOK. Equity 786.4k NOK → 168.8k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADB-SENTERET AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.60m NOK to 5.17m NOK (+12.5% YoY). Calculated
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↑
Operating result improved
Operating result +366.3k NOK → +519.4k NOK (op. margin 8.0% → 10.0%). Calculated
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↑
Cash rose
Bank deposits 330.7k NOK → 893.5k NOK (+170.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 786.4k NOK → 168.8k NOK (equity ratio 31.9% → 5.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.27m NOK → 3.55m NOK (71% → 69% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 53.8k NOK → 27.1k NOK (-49.7% YoY). Calculated