ADVANTEK ENGINEERING AS: årsregnskap 2009 vs 2008
Shrank 14% on revenue, stronger earnings, cash halved-plus
approved 2010-06-30; registry 2010-08-26; journal 2010 648943
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVANTEK ENGINEERING AS. Revenue 698.0k NOK → 603.3k NOK (-13.6%). Net result +175.8k NOK → +503.9k NOK. Equity 167.8k NOK → 167.7k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result 0 NOK → +700.55bn NOK (op. margin 0.0% → 116118287.7%). Calculated
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↑
Net result improved
Net result +175.8k NOK → +503.9k NOK (net margin 25.2% → 83.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 698.0k NOK to 603.3k NOK (-13.6% YoY). Calculated
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↓
Cash fell
Bank deposits 391.6k NOK → 44.3k NOK (-88.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.46× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 1 421 NOK → 730.4k NOK (0% → 121% of revenue). Calculated