ADIMA ENERGY AS: årsregnskap 2009 vs 2008
Shrank 24% on revenue, slipped into loss
approved 2010-06-23; registry 2010-06-28; journal 2010 460263
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADIMA ENERGY AS. Revenue 27.49m NOK → 21.00m NOK (-23.6%). Net result +963.2k NOK → -1.61m NOK. Equity 722.6k NOK → -885.5k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADIMA ENERGY AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 3 083 NOK → 114.7k NOK (+3621.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 15.39m NOK → 14.97m NOK (56% → 71% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 27.49m NOK to 21.00m NOK (-23.6% YoY). Calculated
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↓
Operating result weakened
Operating result +733.6k NOK → -1.46m NOK (op. margin 2.7% → -6.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 963.2k NOK profit to a loss of 1.61m NOK. Calculated
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↓
Equity eroded
Book equity 722.6k NOK → -885.5k NOK (equity ratio 10.0% → -11.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -11.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 6.47m NOK → 122.3k NOK (-98.1% YoY). Calculated