ADDCON NORDIC AS: årsregnskap 2008 vs 2007
Grew 108359% on revenue, cash halved-plus, fresh owner capital
approved 2009-06-30; registry 2009-08-22
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADDCON NORDIC AS. Revenue 358.4k NOK → 388.75m NOK (+108358.6%). Equity 22.31m NOK → 37.00m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADDCON NORDIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 358.4k NOK to 388.75m NOK (+108358.6% YoY). Calculated
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↑
Equity strengthened
Book equity 22.31m NOK → 37.00m NOK (equity ratio 144258.4% → 12.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.29×. Calculated
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↑
Owners injected capital
Paid-in equity rose 100.0k NOK → 37.00m NOK (+36.90m NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 12.72m NOK → 2.94m NOK (-76.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (12.72m NOK → 2.94m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 246.8k NOK → 303.53m NOK (+122886.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 11.69m NOK → 28.92m NOK. Reported fact