Org.nr 991 753 591 2008 → 2009 Year-over-year analysis

GELATO ASA: årsregnskap 2009 vs 2008

Grew 119% on revenue

approved 2010-03-19; registry 2010-06-07; journal 2010 408016

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for GELATO ASA. Revenue 8.66m NOK → 18.94m NOK (+118.6%). Equity -4.99m NOK → -7.67m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for GELATO ASA.

At a glance

Revenue

8.66m NOK 18.94m NOK

+118.6%

Net result

n/m -3.23m NOK

—

Equity

-4.99m NOK -7.67m NOK

-53.7%

Cash

608.5k NOK 513.7k NOK

-15.6%

Total assets

58.9k NOK 4.70m NOK

+7882.4%

↑
Revenue rose

Operating income / revenue moved from 8.66m NOK to 18.94m NOK (+118.6% YoY). Calculated

↓
Equity eroded

Book equity -4.99m NOK → -7.67m NOK (equity ratio -8483.3% → -163.3%). Calculated
↓
Cash fell

Bank deposits 608.5k NOK → 513.7k NOK (-15.6% YoY). Calculated

·
Paid-in equity reduced

Paid-in equity fell 277.3k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
·
Payroll increased

Salary cost 2.66m NOK → 3.48m NOK (31% → 18% of revenue). Calculated
·
COGS moved

COGS / varekostnad 526.3k NOK → 5.58m NOK (+959.7% YoY). Calculated
·
Book investments changed

Investment / intangible book value 100 NOK → 3 410 NOK. Reported fact