ADFLASH AS: årsregnskap 2008 vs 2007
Shrank 6% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADFLASH AS. Revenue 372.2k NOK → 350.0k NOK (-6.0%). Net result -183.8k NOK → -1.90m NOK. Equity 4.14m NOK → 2.14m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADFLASH AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -142.6k NOK → +433.6k NOK (op. margin -38.3% → 123.9%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 372.2k NOK to 350.0k NOK (-6.0% YoY). Calculated
-
↓
Net result weakened
Net result -183.8k NOK → -1.90m NOK (net margin -49.4% → -542.8%). Calculated
-
↓
Equity eroded
Book equity 4.14m NOK → 2.14m NOK (equity ratio 72.4% → 33.3%). Calculated
-
↓
Cash fell
Bank deposits 902.8k NOK → 2 211 NOK (-99.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 18.72× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 1.26m NOK → 262.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 848.7k NOK → 2.35m NOK. Reported fact