FirmaIQ
Org.nr 976 145 178 2009 → 2010 Year-over-year analysis

ADDSECURE AS: årsregnskap 2010 vs 2009

Grew 5% on revenue, weaker earnings

approved 2010-04-14; registry 2011-05-14; journal 2011 364712

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ADDSECURE AS. Revenue 74.86m NOK → 78.66m NOK (+5.1%). Net result +19.61m NOK → +5.21m NOK. Equity 59.74m NOK → 65.08m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell.

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

At a glance

Scorecard

Revenue
74.86m NOK 78.66m NOK
+5.1%
Net result
+19.61m NOK +5.21m NOK
-73.4%
Equity
59.74m NOK 65.08m NOK
+8.9%
Cash
5.03m NOK 3.91m NOK
-22.3%
Total assets
85.10m NOK 95.19m NOK
+11.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 74.86m NOK to 78.66m NOK (+5.1% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 59.74m NOK → 65.08m NOK (equity ratio 70.2% → 68.4%). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +19.61m NOK → +5.21m NOK (net margin 26.2% → 6.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.03m NOK → 3.91m NOK (-22.3% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 21.80m NOK → 23.37m NOK (29% → 30% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 34.79m NOK → 31.70m NOK (-8.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 22.71m NOK → 30.74m NOK. Reported fact