ADARIS AS: årsregnskap 2004 vs 2003
Slipped into loss
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADARIS AS. Net result 0 NOK → -845.8k NOK. Equity -2.25m NOK → -3.10m NOK.
Pressures included: operating result weakened; fell into a net loss; 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
Operating result
-24.5k NOK
-25.7k NOK
-4.8%
Net result
0 NOK
-845.8k NOK
—
Equity
-2.25m NOK
-3.10m NOK
-37.6%
Total assets
4.94m NOK
5.15m NOK
+4.4%
What deteriorated
-
↓
Operating result weakened
Operating result -24.5k NOK → -25.7k NOK. Calculated
-
↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 845.8k NOK. Calculated
-
↓
Equity eroded
Book equity -2.25m NOK → -3.10m NOK (equity ratio -45.6% → -60.1%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -60.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 4.38m NOK → 3.39m NOK. Reported fact