AD-GROUP AS: årsregnskap 2011 vs 2010
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AD-GROUP AS. Net result -233.0k NOK → -297.8k NOK. Equity 465.7k NOK → 167.9k NOK.
Pressures included: operating result weakened; net result weakened; 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 deteriorated
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↓
Operating result weakened
Operating result -14.2k NOK → -40.5k NOK. Calculated
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↓
Net result weakened
Net result -233.0k NOK → -297.8k NOK. Calculated
-
↓
Equity eroded
Book equity 465.7k NOK → 167.9k NOK (equity ratio 31.5% → 62.7%). Calculated
-
↓
Cash fell
Bank deposits 7 027 NOK → 4 610 NOK (-34.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 19.39× → 0.05× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 465.7k NOK → 167.9k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 684.4k NOK → 949 NOK. Reported fact