ADARIS AS: årsregnskap 2003 vs 2002
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADARIS AS. Net result 0 NOK → 0 NOK. Equity -768.6k NOK → -2.25m NOK.
On the constructive side: operating result improved. Pressures included: 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
Revenue
993 NOK
n/m
—
Operating result
-41.2k NOK
-24.5k NOK
+40.4%
Net result
0 NOK
0 NOK
0.0%
Equity
-768.6k NOK
-2.25m NOK
-192.8%
Total assets
5.89m NOK
4.94m NOK
-16.2%
What improved
-
↑
Operating result improved
Operating result -41.2k NOK → -24.5k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -768.6k NOK → -2.25m NOK (equity ratio -13.0% → -45.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -45.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 4.67m NOK → 4.38m NOK. Reported fact