ADELSMANN AS: årsregnskap 2008 vs 2007
Weaker earnings
approved 2009-06-30; registry 2009-08-17
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADELSMANN AS. Revenue 3.87m NOK → 3.80m NOK (-1.7%). Net result +423.0k NOK → +332.8k NOK. Equity 619.0k NOK → 951.9k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADELSMANN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 619.0k NOK → 951.9k NOK (equity ratio 38.7% → 54.2%). Calculated
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↑
Payroll decreased
Salary cost 1.93m NOK → 1.03m NOK (50% → 27% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.87m NOK to 3.80m NOK (-1.7% YoY). Calculated
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↓
Operating result weakened
Operating result +605.7k NOK → +462.6k NOK (op. margin 15.7% → 12.2%). Calculated
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↓
Net result weakened
Net result +423.0k NOK → +332.8k NOK (net margin 10.9% → 8.8%). Calculated
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↓
Cash fell
Bank deposits 674.4k NOK → 408.4k NOK (-39.4% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 1.57m NOK → 1.65m NOK (+4.8% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 21.3k NOK → 298.6k NOK. Reported fact