ADMIT AS: årsregnskap 2008 vs 2007
Grew 50% on revenue
approved 2009-06-19; registry 2009-07-14
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADMIT AS. Revenue 3.61m NOK → 5.42m NOK (+50.0%). Net result +155.0k NOK → +166.5k NOK. Equity 998.9k NOK → 1 165 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADMIT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.61m NOK to 5.42m NOK (+50.0% YoY). Calculated
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↑
Operating result improved
Operating result +304.3k NOK → +315.2k NOK (op. margin 8.4% → 5.8%). Calculated
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Net result improved
Net result +155.0k NOK → +166.5k NOK (net margin 4.3% → 3.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.06× → 1.55×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 998.9k NOK → 1 165 NOK (equity ratio 46.3% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 375.8k NOK → 316.2k NOK (-15.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.68m NOK → 2.50m NOK (46% → 46% of revenue). Calculated
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COGS fell
COGS / varekostnad 888.9k NOK → 441.5k NOK (-50.3% YoY). Calculated