ADLER AS: årsregnskap 1994 vs 1993
Grew 17% on revenue
Summary
What changed
Comparing Årsregnskap 1994 with 1993 for ADLER AS. Revenue 20.47m NOK → 23.89m NOK (+16.7%). Equity -655.8k NOK → -1.23m 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
20.47m NOK
23.89m NOK
+16.7%
Operating result
+117.7k NOK
+1.95m NOK
+1556.8%
Equity
-655.8k NOK
-1.23m NOK
-88.3%
Total assets
9.24m NOK
10.38m NOK
+12.3%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 20.47m NOK to 23.89m NOK (+16.7% YoY). Calculated
-
↑
Operating result improved
Operating result +117.7k NOK → +1.95m NOK (op. margin 0.6% → 8.2%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -655.8k NOK → -1.23m NOK (equity ratio -7.1% → -11.9%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -11.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation