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Org.nr 811 673 862 2008 → 2009 Year-over-year analysis

ADELIN AS: årsregnskap 2009 vs 2008

Cash halved-plus

approved 2010-03-23; registry 2010-03-30

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ADELIN AS. Revenue 12.39m NOK → 12.34m NOK (-0.5%). Equity 3.28m NOK → 2.76m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADELIN AS.

At a glance

Scorecard

Revenue
12.39m NOK 12.34m NOK
-0.5%
Operating result
-642.1k NOK n/m
—
Equity
3.28m NOK 2.76m NOK
-15.8%
Cash
9.44m NOK 459.8k NOK
-95.1%
Total assets
5.89m NOK 5.35m NOK
-9.2%

What improved

  • ↑

    Payroll decreased

    Salary cost 4.00m NOK → 3.60m NOK (32% → 29% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 12.39m NOK to 12.34m NOK (-0.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 3.28m NOK → 2.76m NOK (equity ratio 55.7% → 51.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 9.44m NOK → 459.8k NOK (-95.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (9.44m NOK → 459.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 6.97m NOK → 6.92m NOK (-0.7% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 16.0k NOK → 66.0k NOK. Reported fact