ADELIN AS: årsregnskap 2001 vs 2000
Grew 5% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for ADELIN AS. Revenue 20.08m NOK → 21.10m NOK (+5.1%). Net result +567.7k NOK → +430.8k NOK. Equity 4.10m NOK → 4.35m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADELIN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 20.08m NOK to 21.10m NOK (+5.1% YoY). Calculated
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↑
Operating result improved
Operating result +551.9k NOK → +1.33m NOK (op. margin 2.7% → 6.3%). Calculated
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↑
Equity strengthened
Book equity 4.10m NOK → 4.35m NOK (equity ratio 24.9% → 26.8%). Calculated
What deteriorated
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↓
Net result weakened
Net result +567.7k NOK → +430.8k NOK (net margin 2.8% → 2.0%). Calculated
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Cash fell
Bank deposits 10.55m NOK → 468.7k NOK (-95.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (10.55m NOK → 468.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 5.68m NOK → 5.85m NOK (28% → 28% of revenue). Calculated
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COGS moved
COGS / varekostnad 11.16m NOK → 11.77m NOK (+5.5% YoY). Calculated