FirmaIQ
Org.nr 954 690 873 2009 → 2010 Year-over-year analysis

ADIDAS NORGE AS: årsregnskap 2010 vs 2009

A steady year on the published lines

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ADIDAS NORGE AS. Revenue 339.88m NOK → 356.09m NOK (+4.8%). Net result +6.96m NOK → +8.12m NOK. Equity 19.99m NOK → 19.61m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

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

At a glance

Scorecard

Revenue
339.88m NOK 356.09m NOK
+4.8%
Operating result
+8.71m NOK +10.57m NOK
+21.3%
Net result
+6.96m NOK +8.12m NOK
+16.7%
Equity
19.99m NOK 19.61m NOK
-1.9%
Cash
2.91m NOK 2.87m NOK
-1.1%
Total assets
75.39m NOK 60.73m NOK
-19.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 339.88m NOK to 356.09m NOK (+4.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +8.71m NOK → +10.57m NOK (op. margin 2.6% → 3.0%). Calculated

  • ↑

    Net result improved

    Net result +6.96m NOK → +8.12m NOK (net margin 2.0% → 2.3%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 19.99m NOK → 19.61m NOK (equity ratio 26.5% → 32.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.91m NOK → 2.87m NOK (-1.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 19.45m NOK → 21.74m NOK (6% → 6% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 248.10m NOK → 258.72m NOK (+4.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 4 000 NOK → 14.55m NOK. Reported fact