ADCO AS: årsregnskap 2008 vs 2007
Shrank 51% on revenue
approved 2009-06-25; registry 2009-07-06
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADCO AS. Revenue 315.6k NOK → 154.9k NOK (-50.9%). Equity 978.8k NOK → 613.5k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADCO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 64.2k NOK → 706.0k NOK (+1000.4% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 315.6k NOK to 154.9k NOK (-50.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +190.0k NOK → +92.4k NOK (op. margin 60.2% → 59.7%). Calculated
-
↓
Equity eroded
Book equity 978.8k NOK → 613.5k NOK (equity ratio 45022.6% → 21.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 6.24× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 245.0k NOK → 220.0k NOK. Reported fact