FirmaIQ
Org.nr 986 276 475 2008 → 2009 Year-over-year analysis

ADREGA AS: årsregnskap 2009 vs 2008

Grew 45% on revenue, cash halved-plus

approved 2010-06-30; registry 2010-08-14; journal 2010 592495

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ADREGA AS. Revenue 2.02m NOK → 2.92m NOK (+44.8%). Net result +6 214 NOK → +4 953 NOK. Equity -9.36m NOK → -14.31m NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADREGA AS.

At a glance

Scorecard

Revenue
2.02m NOK 2.92m NOK
+44.8%
Net result
+6 214 NOK +4 953 NOK
-20.3%
Equity
-9.36m NOK -14.31m NOK
-52.9%
Cash
211.1k NOK 98.2k NOK
-53.5%
Total assets
1.10m NOK 677.7k NOK
-38.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.02m NOK to 2.92m NOK (+44.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.71m NOK → 3.26m NOK (233% → 112% of revenue). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +6 214 NOK → +4 953 NOK (net margin 0.3% → 0.2%). Calculated

  • ↓

    Equity eroded

    Book equity -9.36m NOK → -14.31m NOK (equity ratio -847.1% → -2111.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 211.1k NOK → 98.2k NOK (-53.5% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -2111.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation