Org.nr 991 478 000 2007 → 2008 Year-over-year analysis

ADFUNC AS: årsregnskap 2008 vs 2007

Shrank 90% on revenue, cash halved-plus

approved 2009-04-30; registry 2009-08-27

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ADFUNC AS. Revenue 501.5k NOK → 50.0k NOK (-90.0%). Equity 6 321 NOK → 349.1k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Net tougher year on the published lines.

At a glance

Revenue

501.5k NOK 50.0k NOK

-90.0%

Operating result

+127.5k NOK +69.1k NOK

-45.8%

Equity

6 321 NOK 349.1k NOK

+5423.5%

Cash

341.5k NOK 166.2k NOK

-51.3%

Total assets

396.5k NOK 332.4k NOK

-16.2%

↑
Equity strengthened

Book equity 6 321 NOK → 349.1k NOK (equity ratio 1.6% → 105.0%). Calculated

↓
Revenue fell

Operating income / revenue moved from 501.5k NOK to 50.0k NOK (-90.0% YoY). Calculated
↓
Operating result weakened

Operating result +127.5k NOK → +69.1k NOK (op. margin 25.4% → 138.2%). Calculated
↓
Cash fell

Bank deposits 341.5k NOK → 166.2k NOK (-51.3% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 5.27× → 0.31× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
COGS moved

COGS / varekostnad 100.7k NOK → 543.4k NOK (+439.5% YoY). Calculated