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Org.nr 930 481 599 2008 → 2009 Year-over-year analysis

ADDBRAND NORWAY AS: årsregnskap 2009 vs 2008

Shrank 20% on revenue, slipped into loss

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ADDBRAND NORWAY AS. Revenue 135.35m NOK → 108.92m NOK (-19.5%). Net result +1.96m NOK → -3.00m NOK. Equity 30.25m NOK → 27.25m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADDBRAND NORWAY AS.

At a glance

Scorecard

Revenue
135.35m NOK 108.92m NOK
-19.5%
Operating result
+466.1k NOK -5.34m NOK
-1246.3%
Net result
+1.96m NOK -3.00m NOK
-253.2%
Equity
30.25m NOK 27.25m NOK
-9.9%
Cash
7.01m NOK n/m
—
Total assets
71.98m NOK 60.74m NOK
-15.6%

What improved

  • ↑

    Payroll decreased

    Salary cost 35.99m NOK → 32.49m NOK (27% → 30% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 135.35m NOK to 108.92m NOK (-19.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +466.1k NOK → -5.34m NOK (op. margin 0.3% → -4.9%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 1.96m NOK profit to a loss of 3.00m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 30.25m NOK → 27.25m NOK (equity ratio 42.0% → 44.9%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 78.69m NOK → 64.23m NOK (-18.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 18.01m NOK → 17.56m NOK. Reported fact