ADARIS AS: årsregnskap 2002 vs 2001
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADARIS AS. Revenue 993 NOK → 993 NOK (0.0%). Net result +879.3k NOK → 0 NOK. Equity 151.3k NOK → -768.6k NOK.
On the constructive side: payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADARIS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 23.2k NOK → 2 400 NOK (2339% → 242% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +791.2k NOK → -41.2k NOK (op. margin 79677.7% → -4144.6%). Calculated
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↓
Net result weakened
Net result +879.3k NOK → 0 NOK (net margin 88545.4% → 0.0%). Calculated
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↓
Equity eroded
Book equity 151.3k NOK → -768.6k NOK (equity ratio 29.8% → -13.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -13.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 3.31m NOK → 4.67m NOK. Reported fact