FirmaIQ
Org.nr 982 713 862 2009 → 2010 Year-over-year analysis

ADRENALIN AS: årsregnskap 2010 vs 2009

Grew 389% on revenue, weaker earnings

approved 2011-06-03; registry 2011-08-20; journal 2011 607671

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ADRENALIN AS. Revenue 2.70m NOK → 13.19m NOK (+388.7%). Net result +65.0k NOK → +8 162 NOK. Equity 705.9k NOK → 668.8k NOK.

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

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADRENALIN AS.

At a glance

Scorecard

Revenue
2.70m NOK 13.19m NOK
+388.7%
Operating result
n/m +11.36m NOK
—
Net result
+65.0k NOK +8 162 NOK
-87.4%
Equity
705.9k NOK 668.8k NOK
-5.3%
Cash
661.9k NOK 678.1k NOK
+2.5%
Total assets
2.48m NOK 14.78m NOK
+496.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.70m NOK to 13.19m NOK (+388.7% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 661.9k NOK → 678.1k NOK (+2.5% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +65.0k NOK → +8 162 NOK (net margin 2.4% → 0.1%). Calculated

  • ↓

    Equity eroded

    Book equity 705.9k NOK → 668.8k NOK (equity ratio 28.5% → 4.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 1.21m NOK → 4.41m NOK (45% → 33% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 649.1k NOK → 96.5k NOK (-85.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 150.0k NOK → 198 NOK. Reported fact