ADECCO NORGE AS: årsregnskap 2008 vs 2007
Grew 106319% on revenue, stronger earnings, cash halved-plus
approved 2009-05-26; registry 2009-07-04
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADECCO NORGE AS. Revenue 3.08m NOK → 3.27bn NOK (+106319.5%). Net result +14.59m NOK → +55.63m NOK. Equity 301.7k NOK → 321.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADECCO NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.08m NOK to 3.27bn NOK (+106319.5% YoY). Calculated
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Net result improved
Net result +14.59m NOK → +55.63m NOK (net margin 474.2% → 1.7%). Calculated
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Equity strengthened
Book equity 301.7k NOK → 321.5k NOK (equity ratio 22.2% → 0.0%). Calculated
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Owners injected capital
Paid-in equity rose 211.0k NOK → 211.01m NOK (+210.80m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 221.72m NOK → 461.3k NOK (-99.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (221.72m NOK → 461.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 11 NOK → 11.0k NOK. Reported fact