ADCO EIENDOMMER AS: årsregnskap 2001 vs 2000
Grew 588% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for ADCO EIENDOMMER AS. Revenue 201.9k NOK → 1.39m NOK (+587.6%). Net result -24.3k NOK → +281.6k NOK. Equity 994.6k NOK → 207.3k NOK.
On the constructive side: revenue rose; turned profitable; payroll decreased. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADCO EIENDOMMER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 201.9k NOK to 1.39m NOK (+587.6% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 24.3k NOK to a profit of 281.6k NOK. Calculated
-
↑
Payroll decreased
Salary cost 22.1k NOK → 1 250 NOK (11% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +495.1k NOK → +8 696 NOK (op. margin 245.2% → 0.6%). Calculated
-
↓
Equity eroded
Book equity 994.6k NOK → 207.3k NOK (equity ratio 10.5% → 2.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 542.4k NOK → 497.8k NOK. Reported fact