ADELSMANN AS: årsregnskap 2009 vs 2008
Mixed movements in the accounts
approved 2010-06-30; registry 2010-09-04; journal 2010 702246
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADELSMANN AS. Revenue 3.80m NOK → 3.63m NOK (-4.7%). Equity 951.9k NOK → 869.2k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADELSMANN AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 408.4k NOK → 613.1k NOK (+50.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 1.03m NOK → 1 NOK (27% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.80m NOK to 3.63m NOK (-4.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +462.6k NOK → +112.4k NOK (op. margin 12.2% → 3.1%). Calculated
-
↓
Equity eroded
Book equity 951.9k NOK → 869.2k NOK (equity ratio 54.2% → 51.4%). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 1.65m NOK → 1.59m NOK (-3.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 298.6k NOK → 187.6k NOK. Reported fact