ADAM OG EVA GRUPPEN AS: årsregnskap 2008 vs 2007
Shrank 85% on revenue, cash halved-plus
approved 2009-05-26; registry 2009-09-03
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADAM OG EVA GRUPPEN AS. Revenue 78.31m NOK → 11.63m NOK (-85.1%). Equity 18.75m NOK → 18.56m NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADAM OG EVA GRUPPEN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 78.31m NOK to 11.63m NOK (-85.1% YoY). Calculated
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↓
Equity eroded
Book equity 18.75m NOK → 18.56m NOK (equity ratio 49.0% → 47.2%). Calculated
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Cash fell
Bank deposits 3.42m NOK → 234.4k NOK (-93.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 3.66m NOK → 5.83m NOK (5% → 50% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.42m NOK → 234.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 18.71m NOK → 18.56m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 2.70m NOK → 767.7k NOK (-71.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 21.56m NOK → 2.58m NOK. Reported fact