ADNOVA AS: årsregnskap 2002 vs 2001
Shrank 45% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADNOVA AS. Revenue 48.5k NOK → 26.5k NOK (-45.4%). Net result -118.9k NOK → -134.9k NOK. Equity -12.4k NOK → -147.3k 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 ADNOVA AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 48.5k NOK to 26.5k NOK (-45.4% YoY). Calculated
-
↓
Operating result weakened
Operating result -146.4k NOK → -195.2k NOK (op. margin -301.8% → -736.4%). Calculated
-
↓
Net result weakened
Net result -118.9k NOK → -134.9k NOK (net margin -245.2% → -509.1%). Calculated
-
↓
Equity eroded
Book equity -12.4k NOK → -147.3k NOK (equity ratio -2.2% → -67.2%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -67.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation