ADCOM HOLDING AS: årsregnskap 2001 vs 2000
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for ADCOM HOLDING AS. Revenue 2.68m NOK → 2.77m NOK (+3.6%). Equity 812.3k NOK → 298.7k NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADCOM HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.68m NOK to 2.77m NOK (+3.6% YoY). Calculated
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↑
Cash rose
Bank deposits 207.3k NOK → 813.6k NOK (+292.4% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.79m NOK → 1.89m NOK (+103.9k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +2 000 NOK → -742.5k NOK (op. margin 0.1% → -26.8%). Calculated
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↓
Equity eroded
Book equity 812.3k NOK → 298.7k NOK (equity ratio 43.9% → 9.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 645.7k NOK → 983.7k NOK (24% → 35% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 8 600 NOK → 546.1k NOK (+6249.5% YoY). Calculated