ADDEND AS: årsregnskap 2008 vs 2007
Shrank 19% on revenue, weaker earnings, cash halved-plus
approved 2009-06-22; registry 2009-07-22
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADDEND AS. Revenue 367.9k NOK → 298.5k NOK (-18.9%). Net result -77.4k NOK → -715.2k NOK. Equity 897.2k NOK → 182.0k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDEND AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 367.9k NOK to 298.5k NOK (-18.9% YoY). Calculated
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↓
Operating result weakened
Operating result +11.5k NOK → -13.1k NOK (op. margin 3.1% → -4.4%). Calculated
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↓
Net result weakened
Net result -77.4k NOK → -715.2k NOK (net margin -21.0% → -239.6%). Calculated
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↓
Equity eroded
Book equity 897.2k NOK → 182.0k NOK (equity ratio 44.1% → 10.3%). Calculated
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↓
Cash fell
Bank deposits 293.2k NOK → 104.8k NOK (-64.2% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 9 700 NOK → 840.1k NOK. Reported fact