ADLIBRIS.COM AS: årsregnskap 2009 vs 2008
Grew 53% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADLIBRIS.COM AS. Revenue 20.90m NOK → 31.94m NOK (+52.8%). Equity 1.28m NOK → 830.1k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADLIBRIS.COM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.90m NOK to 31.94m NOK (+52.8% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 319.7k NOK → 830.1k NOK (+510.4k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -678.2k NOK → -706.7k NOK (op. margin -3.2% → -2.2%). Calculated
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↓
Equity eroded
Book equity 1.28m NOK → 830.1k NOK (equity ratio 17.7% → 6.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 20.25m NOK → 30.48m NOK (+50.5% YoY). Calculated