Org.nr 984 603 746 2009 → 2010 Year-over-year analysis

ADELSMANN AS: årsregnskap 2010 vs 2009

Mixed movements in the accounts

approved 2011-06-30; registry 2011-08-18; journal 2011 603571

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ADELSMANN AS. Revenue 3.63m NOK → 3.46m NOK (-4.6%). Equity 869.2k NOK → 860.7k NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADELSMANN AS.

At a glance

Revenue

3.63m NOK 3.46m NOK

-4.6%

Operating result

+112.4k NOK +96.9k NOK

-13.8%

Equity

869.2k NOK 860.7k NOK

-1.0%

Cash

613.1k NOK 320.3k NOK

-47.8%

Total assets

1.69m NOK 1.65m NOK

-2.5%

↓
Revenue fell

Operating income / revenue moved from 3.63m NOK to 3.46m NOK (-4.6% YoY). Calculated
↓
Operating result weakened

Operating result +112.4k NOK → +96.9k NOK (op. margin 3.1% → 2.8%). Calculated
↓
Equity eroded

Book equity 869.2k NOK → 860.7k NOK (equity ratio 51.4% → 52.2%). Calculated
↓
Cash fell

Bank deposits 613.1k NOK → 320.3k NOK (-47.8% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1 NOK → 1.01m NOK (0% → 29% of revenue). Calculated

·
Book investments changed

Investment / intangible book value 187.6k NOK → 204.3k NOK. Reported fact