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Org.nr 954 690 873 2007 → 2008 Year-over-year analysis

ADIDAS NORGE AS: årsregnskap 2008 vs 2007

Shrank 100% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ADIDAS NORGE AS. Revenue 320.63bn NOK → 390.41m NOK (-99.9%). Net result +33.00m NOK → +47.06m NOK. Equity 25.46m NOK → 27.53m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

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

At a glance

Scorecard

Revenue
320.63bn NOK 390.41m NOK
-99.9%
Operating result
+46.17m NOK +59.16m NOK
+28.1%
Net result
+33.00m NOK +47.06m NOK
+42.6%
Equity
25.46m NOK 27.53m NOK
+8.1%
Cash
7.24m NOK 7.10m NOK
-1.9%
Total assets
n/m 143.74m NOK
—

What improved

  • ↑

    Operating result improved

    Operating result +46.17m NOK → +59.16m NOK (op. margin 0.0% → 15.2%). Calculated

  • ↑

    Net result improved

    Net result +33.00m NOK → +47.06m NOK (net margin 0.0% → 12.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 25.46m NOK → 27.53m NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 320.63bn NOK to 390.41m NOK (-99.9% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 7.24m NOK → 7.10m NOK (-1.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 19.81m NOK → 21.46m NOK (0% → 5% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 1 NOK → 207.40m NOK (+20740018000.0% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 4 NOK → 4 000 NOK. Reported fact