ADLER CAPITAL AS: årsregnskap 2011 vs 2010
Shrank 50% on revenue, weaker earnings, cash halved-plus
approved 2012-11-06; registry 2012-11-10; journal 2012 811810
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADLER CAPITAL AS. Revenue 98.9k NOK → 49.5k NOK (-50.0%). Net result -165.9k NOK → -3.08m NOK. Equity 1.84m NOK → -1.25m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADLER CAPITAL AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 98.9k NOK to 49.5k NOK (-50.0% YoY). Calculated
-
↓
Operating result weakened
Operating result -70.9k NOK → -2.93m NOK (op. margin -71.6% → -5924.7%). Calculated
-
↓
Net result weakened
Net result -165.9k NOK → -3.08m NOK (net margin -167.7% → -6228.4%). Calculated
-
↓
Equity eroded
Book equity 1.84m NOK → -1.25m NOK (equity ratio 50.8% → -216.7%). Calculated
-
↓
Cash fell
Bank deposits 461.5k NOK → 45.5k NOK (-90.1% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -216.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation