ADEPT AS: årsregnskap 2008 vs 2007
Weaker earnings
approved 2009-04-15; registry 2009-06-06
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADEPT AS. Revenue 734.9k NOK → 760.9k NOK (+3.5%). Net result +17.0k NOK → +5 882 NOK. Equity 423.8k NOK → 129.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADEPT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 734.9k NOK to 760.9k NOK (+3.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +40.1k NOK → +20.5k NOK (op. margin 5.5% → 2.7%). Calculated
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↓
Net result weakened
Net result +17.0k NOK → +5 882 NOK (net margin 2.3% → 0.8%). Calculated
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↓
Equity eroded
Book equity 423.8k NOK → 129.7k NOK (equity ratio 75.7% → 21.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.99× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 496.0k NOK → 554.2k NOK (67% → 73% of revenue). Calculated