Org.nr 929 320 611 2010 → 2011 Year-over-year analysis

ADAPTOR AS: årsregnskap 2011 vs 2010

Shrank 41% on revenue

approved 2012-06-11; registry 2012-06-27; journal 2012 466883

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADAPTOR AS. Revenue 41.14m NOK → 24.30m NOK (-40.9%). Equity 16.07m NOK → 6.20m NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADAPTOR AS.

At a glance

Revenue

41.14m NOK 24.30m NOK

-40.9%

Operating result

-208.5k NOK -1.91m NOK

-814.2%

Equity

16.07m NOK 6.20m NOK

-61.4%

Cash

n/m 3.77m NOK

—

Total assets

20.74m NOK 9.81m NOK

-52.7%

↓
Revenue fell

Operating income / revenue moved from 41.14m NOK to 24.30m NOK (-40.9% YoY). Calculated
↓
Operating result weakened

Operating result -208.5k NOK → -1.91m NOK (op. margin -0.5% → -7.8%). Calculated
↓
Equity eroded

Book equity 16.07m NOK → 6.20m NOK (equity ratio 77.4% → 63.2%). Calculated
↓
Payroll up without matching revenue

Salary cost 2 NOK → 15.84m NOK (0% → 65% of revenue). Calculated

·
Paid-in equity reduced

Paid-in equity fell 2.45m NOK → 1.54m NOK — check capital reduction, conversion, or reclassification. Interpretation
·
COGS fell

COGS / varekostnad 10.82m NOK → 2.56m NOK (-76.3% YoY). Calculated