ADMTEK AS: årsregnskap 2008 vs 2007
Grew 112% on revenue, stronger earnings
approved 2009-06-11; registry 2009-08-31
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADMTEK AS. Revenue 229.8k NOK → 486.8k NOK (+111.9%). Net result +25.0k NOK → +340.7k NOK. Equity 125.0k NOK → 458.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADMTEK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 229.8k NOK to 486.8k NOK (+111.9% YoY). Calculated
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↑
Net result improved
Net result +25.0k NOK → +340.7k NOK (net margin 10.9% → 70.0%). Calculated
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↑
Equity strengthened
Book equity 125.0k NOK → 458.5k NOK (equity ratio 31.5% → 941.5%). Calculated
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↑
Cash rose
Bank deposits 110.0k NOK → 854.0k NOK (+676.1% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.47× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 133 NOK → 680.2k NOK (0% → 140% of revenue). Calculated