ADOLPH BERGSVEI 58 AS: årsregnskap 2009 vs 2008
Cash halved-plus
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADOLPH BERGSVEI 58 AS. Revenue 602.1k NOK → 612.0k NOK (+1.6%). Net result +141.4k NOK → +131.4k NOK. Equity 4.81m NOK → 939.2k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADOLPH BERGSVEI 58 AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 602.1k NOK to 612.0k NOK (+1.6% YoY). Calculated
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Payroll decreased
Salary cost 47.1k NOK → -8 331 NOK (8% → -1% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +145.6k NOK → +120.6k NOK (op. margin 24.2% → 19.7%). Calculated
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Net result weakened
Net result +141.4k NOK → +131.4k NOK (net margin 23.5% → 21.5%). Calculated
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↓
Equity eroded
Book equity 4.81m NOK → 939.2k NOK (equity ratio 44.3% → 18.6%). Calculated
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Cash fell
Bank deposits 1.09m NOK → 550 NOK (-99.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.10× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.09m NOK → 550 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 9 301 NOK → 0 NOK (-100.0% YoY). Calculated