ADAMS HOLDING AS: årsregnskap 2010 vs 2009
Returned to profit, cash halved-plus
approved 2011-06-10; registry 2011-09-05; journal 2011 698404
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADAMS HOLDING AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -11.6k NOK → +190.92bn NOK. Equity 880.7k NOK → 71.6k NOK.
On the constructive side: turned profitable. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADAMS HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 11.6k NOK to a profit of 190.92bn NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 880.7k NOK → 71.6k NOK (equity ratio 51.0% → 4.3%). Calculated
-
↓
Cash fell
Bank deposits 69.6k NOK → 22.8k NOK (-67.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 11.60× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 3 NOK → 1.66m NOK. Reported fact