ADDOVATION AS: årsregnskap 2009 vs 2008
Grew 325157% on revenue
approved 2010-04-09; registry 2010-04-14
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADDOVATION AS. Revenue 1 923 NOK → 6.25m NOK (+325157.1%). Equity 382.0k NOK → 980.5k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADDOVATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 923 NOK to 6.25m NOK (+325157.1% YoY). Calculated
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↑
Equity strengthened
Book equity 382.0k NOK → 980.5k NOK (equity ratio 23522.8% → 26.2%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +781.0k NOK → +672.8k NOK (op. margin 40615.3% → 10.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 424.09× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 204.0k NOK → 354 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 696.4k NOK → 3.41m NOK (36212% → 54% of revenue). Calculated