ADEL HOLDING AS: årsregnskap 2009 vs 2008
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADEL HOLDING AS. Net result +629.4k NOK → +627.9k NOK. Equity 571.1k NOK → 54.0k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADEL HOLDING AS.
At a glance
Scorecard
Operating result
-12.2k NOK
+13.7k NOK
+212.2%
Net result
+629.4k NOK
+627.9k NOK
-0.2%
Equity
571.1k NOK
54.0k NOK
-90.6%
Cash
79.1k NOK
86.5k NOK
+9.4%
Total assets
1.63m NOK
1.65m NOK
+1.7%
What improved
-
↑
Operating result improved
Operating result -12.2k NOK → +13.7k NOK. Calculated
-
↑
Cash rose
Bank deposits 79.1k NOK → 86.5k NOK (+9.4% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 571.1k NOK → 54.0k NOK (equity ratio 35.1% → 3.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation