ADIANTE AS: årsregnskap 2011 vs 2010
Shrank 29% on revenue
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADIANTE AS. Revenue 1.32m NOK → 936.3k NOK (-29.1%). Equity 4.69m NOK → 6.09m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADIANTE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 4.69m NOK → 6.09m NOK (equity ratio 82.0% → 91.1%). Calculated
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↑
Payroll decreased
Salary cost 593.0k NOK → 501.0k NOK (45% → 54% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.32m NOK to 936.3k NOK (-29.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 20.06× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 3.29m NOK → 3.17m NOK. Reported fact