ADIMA ENERGY AS: årsregnskap 2008 vs 2007
Shrank 24% on revenue, stronger earnings, cash halved-plus
approved 2009-06-20; registry 2009-07-04
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADIMA ENERGY AS. Revenue 36.01m NOK → 27.49m NOK (-23.6%). Net result +178.9k NOK → +963.2k NOK. Equity 2.16m NOK → 722.6k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADIMA ENERGY AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +272.2k NOK → +733.6k NOK (op. margin 0.8% → 2.7%). Calculated
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Net result improved
Net result +178.9k NOK → +963.2k NOK (net margin 0.5% → 3.5%). Calculated
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Payroll decreased
Salary cost 20.27m NOK → 15.39m NOK (56% → 56% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 36.01m NOK to 27.49m NOK (-23.6% YoY). Calculated
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↓
Equity eroded
Book equity 2.16m NOK → 722.6k NOK (equity ratio 15.2% → 10.0%). Calculated
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Cash fell
Bank deposits 179.4k NOK → 3 083 NOK (-98.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.07× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 10.98m NOK → 6.47m NOK (-41.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 75.0k NOK → 55.0k NOK. Reported fact