ADDENDA CONSULT AS: årsregnskap 2008 vs 2007
Stronger earnings
approved 2009-06-30; registry 2009-09-03
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADDENDA CONSULT AS. Revenue 2.60m NOK → 2.62m NOK (+0.9%). Net result +434.8k NOK → +559.5k NOK. Equity 241.4k NOK → 170.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDENDA CONSULT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.60m NOK to 2.62m NOK (+0.9% YoY). Calculated
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↑
Operating result improved
Operating result +603.4k NOK → +772.1k NOK (op. margin 23.2% → 29.4%). Calculated
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↑
Net result improved
Net result +434.8k NOK → +559.5k NOK (net margin 16.7% → 21.3%). Calculated
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↑
Payroll decreased
Salary cost 1.77m NOK → 1.55m NOK (68% → 59% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 241.4k NOK → 170.9k NOK (equity ratio 14.0% → 10.2%). Calculated
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↓
Cash fell
Bank deposits 784.8k NOK → 602.6k NOK (-23.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 18.2k NOK → 17.2k NOK. Reported fact