ADLER AS: årsregnskap 1993 vs 1992
Grew 27% on revenue
Summary
What changed
Comparing Årsregnskap 1993 with 1992 for ADLER AS. Revenue 16.18m NOK → 20.47m NOK (+26.6%). Equity -415.0k NOK → -655.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; 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
16.18m NOK
20.47m NOK
+26.6%
Operating result
+908.8k NOK
+117.7k NOK
-87.0%
Equity
-415.0k NOK
-655.8k NOK
-58.0%
Total assets
7.25m NOK
9.24m NOK
+27.5%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 16.18m NOK to 20.47m NOK (+26.6% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +908.8k NOK → +117.7k NOK (op. margin 5.6% → 0.6%). Calculated
-
↓
Equity eroded
Book equity -415.0k NOK → -655.8k NOK (equity ratio -5.7% → -7.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation