ADDED VALUE IT AS: årsregnskap 2008 vs 2007
Grew 83567% on revenue, weaker earnings
approved 2009-06-05; registry 2009-09-16
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADDED VALUE IT AS. Revenue 2 416 NOK → 2.02m NOK (+83566.8%). Net result +650.2k NOK → +292.9k NOK. Equity 907.7k NOK → 200.6k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADDED VALUE IT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 416 NOK to 2.02m NOK (+83566.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 1.70×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +934.1k NOK → +338.9k NOK (op. margin 38665.1% → 16.8%). Calculated
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↓
Net result weakened
Net result +650.2k NOK → +292.9k NOK (net margin 26911.9% → 14.5%). Calculated
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↓
Equity eroded
Book equity 907.7k NOK → 200.6k NOK (equity ratio 255.8% → 7.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.19m NOK → 1.26m NOK (49405% → 62% of revenue). Calculated