ADAM OG EVA SKOLEN AS: årsregnskap 2008 vs 2007
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2009-05-26; registry 2009-09-12
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADAM OG EVA SKOLEN AS. Revenue 4.86m NOK → 9 722 NOK (-99.8%). Net result +262.1k NOK → +192.44m NOK. Equity 304.2k NOK → 733.1k NOK.
On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ADAM OG EVA SKOLEN AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +262.1k NOK → +192.44m NOK (net margin 5.4% → 1979399.9%). Calculated
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↑
Equity strengthened
Book equity 304.2k NOK → 733.1k NOK (equity ratio 10.0% → 10.7%). Calculated
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Current ratio back above 1×
Current ratio 0.79× → 1.05×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.86m NOK to 9 722 NOK (-99.8% YoY). Calculated
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↓
Operating result weakened
Operating result +426.0k NOK → +261.4k NOK (op. margin 8.8% → 2689.0%). Calculated
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↓
Cash fell
Bank deposits 626.37m NOK → 1 115 NOK (-100.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.32m NOK → 4.83m NOK (48% → 49705% of revenue). Calculated
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COGS moved
COGS / varekostnad 292.2k NOK → 502.9k NOK (+72.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (626.37m NOK → 1 115 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 100.0k NOK → 200 NOK — check capital reduction, conversion, or reclassification. Interpretation