ADCARE AS: årsregnskap 2008 vs 2007
Grew 27% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADCARE AS. Revenue 9.05m NOK → 11.47m NOK (+26.8%). Net result -239.0k NOK → +988.3k NOK. Equity 364.9k NOK → 353.2k NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADCARE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.05m NOK to 11.47m NOK (+26.8% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 239.0k NOK to a profit of 988.3k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 364.9k NOK → 353.2k NOK. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.95m NOK → 2.39m NOK (22% → 21% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.97m NOK → 6.08m NOK (+1.9% YoY). Calculated