ADDEND AS: årsregnskap 2009 vs 2008
Returned to profit
approved 2010-06-07; registry 2010-06-21; journal 2010 440479
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADDEND AS. Revenue 298.5k NOK → 293.5k NOK (-1.7%). Net result -715.2k NOK → +565.3k NOK. Equity 182.0k NOK → 747.3k NOK.
On the constructive side: turned profitable; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDEND AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 715.2k NOK to a profit of 565.3k NOK. Calculated
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↑
Equity strengthened
Book equity 182.0k NOK → 747.3k NOK (equity ratio 10.3% → 37.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.56× → 1.36×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 298.5k NOK to 293.5k NOK (-1.7% YoY). Calculated
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↓
Cash fell
Bank deposits 104.8k NOK → 80.8k NOK (-23.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost -12.3k NOK → 1 NOK (-4% → 0% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 840.1k NOK → 241.5k NOK. Reported fact