ADFUNC AS: årsregnskap 2010 vs 2009
Grew 24% on revenue, weaker earnings
approved 2011-06-26; registry 2011-09-03; journal 2011 686595
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADFUNC AS. Revenue 1.91m NOK → 2.36m NOK (+23.7%). Net result -3 426 NOK → -94.3k NOK. Equity 345.7k NOK → 251.5k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADFUNC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.91m NOK to 2.36m NOK (+23.7% YoY). Calculated
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↑
Operating result improved
Operating result -84.3k NOK → +101.5k NOK (op. margin -4.4% → 4.3%). Calculated
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↑
Cash rose
Bank deposits 128.8k NOK → 424.3k NOK (+229.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -3 426 NOK → -94.3k NOK (net margin -0.2% → -4.0%). Calculated
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↓
Equity eroded
Book equity 345.7k NOK → 251.5k NOK (equity ratio 31.5% → 28.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3 NOK → 676.3k NOK (0% → 29% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 839.3k NOK → 855.6k NOK (+1.9% YoY). Calculated