ADINIB AS: årsregnskap 2008 vs 2007
Shrank 27% on revenue, weaker earnings
approved 2009-06-09; registry 2009-08-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADINIB AS. Revenue 317.9k NOK → 232.6k NOK (-26.8%). Net result +74.9k NOK → +4 274 NOK. Equity 2.65m NOK → 2.65m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADINIB AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 2.65m NOK → 2.65m NOK (equity ratio 96.2% → 99.7%). Calculated
-
↑
Cash rose
Bank deposits 67.6k NOK → 919.7k NOK (+1260.3% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.79× → 146.41×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 317.9k NOK to 232.6k NOK (-26.8% YoY). Calculated
-
↓
Net result weakened
Net result +74.9k NOK → +4 274 NOK (net margin 23.6% → 1.8%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2 NOK → 6 811 NOK (0% → 3% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 1.25m NOK → 50.0k NOK. Reported fact