ADLER AS: årsregnskap 1992 vs 1991
Grew 9% on revenue
Summary
What changed
Comparing Årsregnskap 1992 with 1991 for ADLER AS. Revenue 14.82m NOK → 16.18m NOK (+9.2%). Equity -315.6k NOK → -415.0k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADLER AS.
At a glance
Scorecard
Revenue
14.82m NOK
16.18m NOK
+9.2%
Operating result
+418.3k NOK
+908.8k NOK
+117.2%
Equity
-315.6k NOK
-415.0k NOK
-31.5%
Total assets
7.19m NOK
7.25m NOK
+0.8%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 14.82m NOK to 16.18m NOK (+9.2% YoY). Calculated
-
↑
Operating result improved
Operating result +418.3k NOK → +908.8k NOK (op. margin 2.8% → 5.6%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -315.6k NOK → -415.0k NOK (equity ratio -4.4% → -5.7%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation