Org.nr 988 636 428 2009 → 2010 Year-over-year analysis

ADJUVANTE AS: årsregnskap 2010 vs 2009

Shrank 44% on revenue

approved 2011-06-30; registry 2011-09-07; journal 2011 720285

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ADJUVANTE AS. Revenue 2.80m NOK → 1.58m NOK (-43.7%). Equity 385.6k NOK → 227.5k NOK.

Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADJUVANTE AS.

At a glance

Revenue

2.80m NOK 1.58m NOK

-43.7%

Equity

385.6k NOK 227.5k NOK

-41.0%

Cash

n/m 141.0k NOK

—

Total assets

852.7k NOK 680.2k NOK

-20.2%

↓
Revenue fell

Operating income / revenue moved from 2.80m NOK to 1.58m NOK (-43.7% YoY). Calculated
↓
Equity eroded

Book equity 385.6k NOK → 227.5k NOK (equity ratio 45.2% → 33.4%). Calculated
↓
Payroll up without matching revenue

Salary cost 586.5k NOK → 6.54m NOK (21% → 415% of revenue). Calculated

·
COGS fell

COGS / varekostnad 1.54m NOK → 793.2k NOK (-48.5% YoY). Calculated
·
Book investments changed

Investment / intangible book value 90.0k NOK → 209.0k NOK. Reported fact