ADMTEK AS: årsregnskap 2009 vs 2008
Shrank 29% on revenue, slipped into loss, cash halved-plus
approved 2010-06-30; registry 2010-08-23; journal 2010 621779
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADMTEK AS. Revenue 486.8k NOK → 346.1k NOK (-28.9%). Net result +340.7k NOK → -222.18bn NOK. Equity 458.5k NOK → 236.3k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.08× → 3.06×. Calculated
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↑
Payroll decreased
Salary cost 680.2k NOK → 554.3k NOK (140% → 160% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 486.8k NOK to 346.1k NOK (-28.9% YoY). Calculated
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↓
Operating result weakened
Operating result +30.8k NOK → -319.68bn NOK (op. margin 6.3% → -92371725.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 340.7k NOK profit to a loss of 222.18bn NOK. Calculated
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↓
Equity eroded
Book equity 458.5k NOK → 236.3k NOK (equity ratio 941.5% → 67.3%). Calculated
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↓
Cash fell
Bank deposits 854.0k NOK → 266.9k NOK (-68.7% YoY). Calculated