FirmaIQ
Org.nr 976 145 178 2006 → 2007 Year-over-year analysis

ADDSECURE AS: årsregnskap 2007 vs 2006

Grew 26% on revenue

approved 2008-04-23; registry 2008-06-09

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2007 with 2006 for ADDSECURE AS. Revenue 32.29m NOK → 40.54m NOK (+25.5%). Equity 21.72m NOK → 20.64m NOK.

On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADDSECURE AS.

At a glance

Scorecard

Revenue
32.29m NOK 40.54m NOK
+25.5%
Equity
21.72m NOK 20.64m NOK
-5.0%
Total assets
34.35m NOK 38.07m NOK
+10.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 32.29m NOK to 40.54m NOK (+25.5% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 49.20m NOK → 50.39m NOK (+1.20m NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 21.72m NOK → 20.64m NOK (equity ratio 63.2% → 54.2%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.15× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 11.72m NOK → 13.80m NOK (36% → 34% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 19.16m NOK → 20.08m NOK (+4.8% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 202.4k NOK → 400.8k NOK. Reported fact