ADHAMA HOLDING AS: årsregnskap 2009 vs 2008
Grew 51% on revenue, returned to profit
approved 2010-06-20; registry 2010-06-23; journal 2010 451455
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADHAMA HOLDING AS. Revenue 14.70m NOK → 22.22m NOK (+51.2%). Net result -120.2k NOK → +1 523 NOK. Equity 1.25m NOK → 1.17m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. 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 14.70m NOK to 22.22m NOK (+51.2% YoY). Calculated
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↑
Operating result improved
Operating result +441 NOK → +2 283 NOK (op. margin 0.0% → 0.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 120.2k NOK to a profit of 1 523 NOK. Calculated
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↑
Cash rose
Bank deposits 18.1k NOK → 20.4k NOK (+12.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.25m NOK → 1.17m NOK (equity ratio 14.5% → 13.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.79m NOK → 1.90m NOK (12% → 9% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 721.8k NOK → 16.62m NOK (+2202.5% YoY). Calculated