Org.nr 981 709 063 2007 → 2008 Year-over-year analysis

ADITECH AS: årsregnskap 2008 vs 2007

Grew 11% on revenue, cash halved-plus

approved 2009-06-24; registry 2009-08-25

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ADITECH AS. Revenue 2.37m NOK → 2.64m NOK (+11.3%). Equity 553.7k NOK → 619.3k NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; cash fell.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADITECH AS.

At a glance

Revenue

2.37m NOK 2.64m NOK

+11.3%

Operating result

+334.8k NOK +71.1k NOK

-78.8%

Equity

553.7k NOK 619.3k NOK

+11.8%

Cash

720.8k NOK 114.3k NOK

-84.1%

Total assets

1.52m NOK 440.0k NOK

-71.0%

↑
Revenue rose

Operating income / revenue moved from 2.37m NOK to 2.64m NOK (+11.3% YoY). Calculated
↑
Equity strengthened

Book equity 553.7k NOK → 619.3k NOK (equity ratio 36.5% → 140.7%). Calculated

↓
Operating result weakened

Operating result +334.8k NOK → +71.1k NOK (op. margin 14.1% → 2.7%). Calculated
↓
Cash fell

Bank deposits 720.8k NOK → 114.3k NOK (-84.1% YoY). Calculated

·
Payroll increased

Salary cost 2 007 NOK → 940.9k NOK (0% → 36% of revenue). Calculated
·
COGS fell

COGS / varekostnad 809.9k NOK → 252.7k NOK (-68.8% YoY). Calculated