ADONIS AS: årsregnskap 2009 vs 2008
Grew 10% on revenue, weaker earnings
approved 2010-06-18; registry 2010-06-22; journal 2010 448603
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADONIS AS. Revenue 6.46m NOK → 7.10m NOK (+9.9%). Net result +816.3k NOK → +212.0k NOK. Equity 2.83m NOK → 3.04m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADONIS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.46m NOK to 7.10m NOK (+9.9% YoY). Calculated
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↑
Equity strengthened
Book equity 2.83m NOK → 3.04m NOK (equity ratio 61.7% → 61.9%). Calculated
What deteriorated
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↓
Net result weakened
Net result +816.3k NOK → +212.0k NOK (net margin 12.6% → 3.0%). Calculated
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↓
Cash fell
Bank deposits 452.2k NOK → 403.8k NOK (-10.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.84m NOK → 3.76m NOK (44% → 53% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 158.1k NOK → 313.6k NOK (+98.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2 000 NOK → 5 000 NOK. Reported fact