AD-GROUP AS: årsregnskap 2010 vs 2009
Slipped into loss, cash halved-plus
approved 2011-04-28; registry 2011-08-20; journal 2011 610160
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AD-GROUP AS. Revenue 57.7k NOK → 57.7k NOK (0.0%). Net result +118.3k NOK → -233.0k NOK. Equity 698.7k NOK → 465.7k NOK.
On the constructive side: current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AD-GROUP AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.59× → 19.39×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +6 213 NOK → -14.2k NOK (op. margin 10.8% → -24.7%). Calculated
-
↓
Fell into a net loss
Net result flipped from 118.3k NOK profit to a loss of 233.0k NOK. Calculated
-
↓
Equity eroded
Book equity 698.7k NOK → 465.7k NOK (equity ratio 42.6% → 31.5%). Calculated
-
↓
Cash fell
Bank deposits 119.6k NOK → 7 027 NOK (-94.1% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 569.5k NOK → 465.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 805.5k NOK → 684.4k NOK. Reported fact