ADHAMA HOLDING AS: årsregnskap 2008 vs 2007
Grew 49% on revenue, slipped into loss
approved 2009-10-12; registry 2009-10-19
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADHAMA HOLDING AS. Revenue 9.85m NOK → 14.70m NOK (+49.2%). Net result +124.0k NOK → -120.2k NOK. Equity 1.37m NOK → 1.25m NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADHAMA HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.85m NOK to 14.70m NOK (+49.2% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 124.0k NOK profit to a loss of 120.2k NOK. Calculated
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↓
Equity eroded
Book equity 1.37m NOK → 1.25m NOK (equity ratio 52.8% → 14.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 10.28× → 0.57× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.38m NOK → 1.79m NOK (14% → 12% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 7.50m NOK → 721.8k NOK (-90.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 164.0k NOK → 199 NOK. Reported fact