ADMANIHA AS: årsregnskap 2008 vs 2007
Grew 62% on revenue, slipped into loss, cash halved-plus
approved 2009-06-30; registry 2009-09-12
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADMANIHA AS. Revenue 239.0k NOK → 386.8k NOK (+61.8%). Net result +728.7k NOK → -9.78m NOK. Equity 828.7k NOK → -8.95m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADMANIHA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 239.0k NOK to 386.8k NOK (+61.8% YoY). Calculated
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↑
Operating result improved
Operating result +108.1k NOK → +142.9k NOK (op. margin 45.2% → 37.0%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 728.7k NOK profit to a loss of 9.78m NOK. Calculated
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↓
Equity eroded
Book equity 828.7k NOK → -8.95m NOK (equity ratio 3.3% → -86.1%). Calculated
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↓
Cash fell
Bank deposits 462.2k NOK → 107.6k NOK (-76.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 50.79× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -86.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation