ADCO AS: årsregnskap 2009 vs 2008
Shrank 67% on revenue, cash halved-plus
approved 2010-06-09; registry 2010-07-19; journal 2010 517054
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADCO AS. Revenue 154.9k NOK → 51.2k NOK (-66.9%). Equity 613.5k NOK → 345.7k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
154.9k NOK
51.2k NOK
-66.9%
Operating result
+92.4k NOK
n/m
—
Equity
613.5k NOK
345.7k NOK
-43.6%
Cash
706.0k NOK
20.5k NOK
-97.1%
Total assets
2.91m NOK
1.78m NOK
-38.6%
What improved
-
↑
Current ratio back above 1×
Current ratio 0.90× → 8.02×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 154.9k NOK to 51.2k NOK (-66.9% YoY). Calculated
-
↓
Equity eroded
Book equity 613.5k NOK → 345.7k NOK (equity ratio 21.1% → 19.4%). Calculated
-
↓
Cash fell
Bank deposits 706.0k NOK → 20.5k NOK (-97.1% YoY). Calculated