ADAPTA AVIATION AS: årsregnskap 2010 vs 2009
Grew 346% on revenue, slipped into loss
approved 2011-06-20; registry 2011-09-07; journal 2011 715219
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADAPTA AVIATION AS. Revenue 142.4k NOK → 634.9k NOK (+345.7%). Net result +3 316 NOK → -27.3k NOK. Equity 108.3k NOK → 81.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADAPTA AVIATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 142.4k NOK to 634.9k NOK (+345.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +45.4k NOK → +25.3k NOK (op. margin 31.9% → 4.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 3 316 NOK profit to a loss of 27.3k NOK. Calculated
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↓
Equity eroded
Book equity 108.3k NOK → 81.0k NOK (equity ratio 1433.1% → 1.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 105.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 7 544 NOK → 88.9k NOK. Reported fact